Bitcoin zooms past $100,000 on Trump bump

Bitcoin zoomed past the $100,000 mark for the first time on Thursday, fuelled by growing optimism over a crypto-friendly regime under US President-elect Donald Trump and strong institutional inflows through Bitcoin exchange-traded funds (ETFs).

The world’s largest cryptocurrency surged 6% to an all-time high of $103,800, following Trump’s nomination of pro-crypto advocate Paul Atkins to head the Securities and Exchange Commission. It was last trading at around $102,850.