Bitcoin crosses $100,000 on optimism over Donald Trump’s crypto plans

Bitcoin catapulted above $100,000 for the first time on Thursday, a milestone hailed even by sceptics as a coming-of-age for cryptocurrencies as investors bet on a friendly US administration to cement cryptos’ place in financial markets.

The total value of the cryptocurrency market has almost doubled over the year so far to hit a record just shy of $3.8 trillion, according to data provider CoinGecko. By comparison, Apple alone is worth about $3.7 trillion.