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It's the milestone crypto enthusiasts have been waiting for: Bitcoin (BTC-USD) prices have officially crossed $100,000 a token. The achievement occurred late Wednesday, and prices rose again to just around $103,000 a coin early Thursday.
Bitcoin has rallied significantly since Donald Trump's election, with the administration viewed as generally more friendly to the alternative asset class.
In July, Trump attended a bitcoin conference in Nashville and has since pledged to usher in more supportive regulation. The most recent appointment of Paul Atkins as the next SEC chair supports that push — and likely served as the catalyst for the latest price action.
"This is very, very bullish news for digital asset markets," Perianne Boring, founder of advocacy group The Digital Chamber, told Yahoo Finance's Morning Brief on Thursday. "For many, many years, the industry has really been against significant regulatory headwinds by the SEC as well as the CFTC. ... [Atkins] has been on the frontlines helping to address the regulatory uncertainty."
Trump praised the crypto moves early Thursday, writing on his social media platform Truth Social, "CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU'RE WELCOME!!!"
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Bitcoin leaps above $100K in critical milestone
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