Bitcoin price hits new all-time high above $100,000 on optimism over Donald Trump’s crypto plans

Bitcoin price, the price of the world’s largest cryptocurrency, has broken its $100,000 ceiling for the first time, hitting an all-time high on December 5 amid steps from United States President-elect Donald Trump which show his backing for the sector.

Trump has “spurred expectations” that his next term will create a friendly regulatory environment for cryptocurrencies, a Reuters report noted. On December 4 he nominated Paul Atkins, a known crypto proponent, to be the next chief of the US Securities and Exchange Commission (US SEC).