Last Updated:December 05, 2024, 08:49 IST

Bitcoin Price Today: Bitcoin on Tuesday crossed $100,000 after US President-Elect Donald Trump has named pro-crypto lawyer Paul Atkins to head the US Securities and Exchange Commission.

Bitcoin Price Today.

Bitcoin on Thursday crossed $100,000 after US President-Elect Donald Trump has named pro-crypto lawyer Paul Atkins to head the US Securities and Exchange Commission.

“Bitcoin has reached the historic $100,000 milestone, just a month after Donald Trump’s election as the 47th US President. Key developments, including Elon Musk heading the newly established Department of Government Efficiency, plans for a dedicated White House crypto policy role, and Trump’s appointment of Paul Atkins as SEC Chair, have fuelled this remarkable rally towards this mark,” said Edul Patel, CEO and co-founder of Mudrex.

Institutional confidence is continuing to grow, with Bitcoin ETFs adding $676 million in a single day. This milestone is also expected to attract more retail investors, pushing crypto further into becoming a mainstream asset. With Trump’s pro-crypto agenda and Atkins’ leadership, the market is bound for friendlier reforms and wider adoption, setting Bitcoin on track to reach $120,000 in the coming weeks, Patel added.

(The story will be updated)