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POLITIKOFF

Bitcoin price reaches $100,000 for the first time

Politiko 2024-12-05 09:52:24

Bitcoin price reaches $100,000 for the first time

Bitcoin hit a record high above $100,000 on Thursday as the election of Republican Donald Trump as US president fueled expectations that his administration will create a friendly regulatory environment for cryptocurrencies.

The world's largest cryptocurrency last traded at $103,225.

Since November 5, the price of bitcoin has risen more than 45%. Year to date, prices have more than doubled.

But cryptocurrencies have remained controversial: Many, including bitcoin itself, have helped fuel a surge in cybercrime and fraud that the FBI says was responsible for billions of dollars in consumer losses last year.

This has led current federal regulators to take a skeptical view of many cryptocurrency endeavors.

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