Bitcoin broke $100,000 record for the first time on Thursday as traders cheered Donald Trump’s decision to pick a crypto fan to head the US securities regulator.
While reinforcing optimism, the new president will push through measures to deregulate the sector.
The cryptocurrency soared through the mark, having enjoyed a blistering rally since the November 5 election of Trump, who pledged on the campaign trail to make the United States the “bitcoin and cryptocurrency capital of the world”.
The digital unit has jumped more than 50 percent since the tycoon’s victory — and around 140 percent since the turn of the year.
However, the unit’s advance — it hit a record of $103,800.44 before easing to just below $103,000 in the afternoon — had stalled in recent weeks, sitting just below $100,000 as traders awaited new catalysts to buy in.
That came with news that Trump has fingered major crypto proponent Paul Atkins to take over as chair of the Securities and Exchange Commission.
Channels Television
