According to Kraken, Bitcoin has surpassed $100,000, its highest price since the cryptocurrency launched more than a decade ago, and at the time of this writing, it has reached $103,359.00. Despite its wins, Bitcoin's value is still measured in USD, emerging as a Alternative payment options or investments instead of replacement for fiat currency,
The price of Bitcoin increased after the news that Donald Trump would win the 2024 US presidential election. Bitcoin was around $69,000 on election day, but later rose to $75,000 after the news of Trump's victory. According to the data of CoinDeskIts price has been rising since then, as investors anticipate a more crypto-friendly environment under the Trump administration.
The final push past $100,000 came hours after Trump announced several nominations for his administration, including Former Republican Securities and Exchange Commissioner Paul Atkins was added as his choice. To lead the agency. Atkins serves as co-chair of the Chamber of Digital Commerce's Token Alliance, and Trump said he “believes digital assets and other innovations are critical to making America greater than ever.”