2 weeks ago
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The price of Bitcoin has for the first time broken past the US $100,000 US dollar mark, hitting a new record high.
The value of the world’s biggest cryptocurrency has been boosted by hopes that US President-elect Donald Trump will adopt crypto-friendly policies.
The milestone was reached hours after Trump said he would nominate former Securities and Exchange Commission boss Paul Atkins to run the Wall Street regulator.
Atkins is seen as being far more pro-cryptocurrency than the current head of the SEC, Gary Gensler.
The US $100,000 milestone prompted celebrations from cryptocurrency fans around the world.
Bitcoin’s wildly fluctuating value has always attracted interest, with its backers reacting with delight when it has passed previous price thresholds and defiance during its slumps.
The value of a single bitcoin is one of the barometers of optimism in the cryptocurrency industry which is now estimated to be worth US $3.3 trillion according to analysis firm Coin Market Cap.
English (US) ·