Bitcoin tops $100,000 as monster 2024 rally reaches new heights

Category: Cryptocurrency

Bitcoin's price surpassed $100,000 for the first time, driven by political changes and institutional interest. President-elect Trump’s nomination of Paul Atkins as SEC chair signals potential regulatory shifts favorable to crypto. Federal Reserve chair Jerome Powell likened bitcoin to digital gold, emphasizing its growing acceptance among institutional investors. The cryptocurrency's rise reflects a significant shift towards mainstream financial recognition, with expectations for further pro-crypto initiatives under the new administration.

Keywords: Bitcoin, Cryptocurrency, SEC

Source: NBC 10 Philadelphia

Update At: 12/5/2024

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