Thu Dec 05 23:11:50 UTC 2024: ## Bitcoin Surges Past $100,000 Following Trump’s Election and Regulatory Shift
**NEW YORK, December 5, 2024** – Bitcoin has breached the $100,000 mark for the first time, fueled by a post-election rally and President-elect Donald Trump’s anticipated deregulation of the cryptocurrency industry. The cryptocurrency reached a high of $101,512 today, a dramatic increase from its Election Day value of $69,374.
This surge follows Trump’s announcement of Paul Atkins, a proponent of less stringent market regulation, as his nominee for the next chair of the Securities and Exchange Commission (SEC). Atkins’ appointment contrasts sharply with the more aggressive regulatory approach of current SEC Chair Gary Gensler, who is stepping down in January.
Trump’s campaign promise to replace Gensler, made at the Bitcoin 2024 conference in July, was met with enthusiastic approval by the crypto community. The subsequent shift in regulatory expectations has evidently contributed significantly to Bitcoin’s meteoric rise.
While the cryptocurrency’s future remains uncertain, given the inherent volatility of the market, the milestone marks a remarkable recovery following the collapse of FTX two years ago, when Bitcoin fell below $17,000. Experts warn investors to remain cautious despite the current bullish sentiment.
First Piper 