Bitcoin storms above US$100,000 as Trump 2.0 fuels crypto euphoria
Photo: 123rf
Bitcoin has more than doubled this year
Trump on Wednesday picked pro-crypto Paul Atkins to lead SEC
Elon Musk, a major Trump ally, supports cryptocurrencies
Crypto-related stocks have surged
Bitcoin catapulted above US$100,000 (NZ$170,000) for the first time on Thursday (US time), a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly US administration to cement the place of cryptocurrencies in financial markets.
Once it broke US$100,000 in Thursday's Asian morning, boosted by US President-elect Trump's nomination of pro-crypto Paul Atkins to run the Securities and Exchange Commission, it was soon at an all-time high of US$103,619 (NZ$176,000). It last fetched US$101,139 ($NZ172,000), up about 3.2 percent on the day.
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