Bitcoin beats regulatory hurdles, hits $100K level

NEW DELHI: Despite regulatory uncertainties around the globe, Bitcoin prices on Thursday breached the psychologically important level of $100,000, surging nearly 133% over the last one year. The rise in cryptocurrency was hastened by the victory of Donald Trump in the US presidential election.

Bitcoin prices have risen by over 50% since the US presidential Election Day (5 November 2024) in anticipation that the Trump administration will ease regulatory hurdles and create a more favourable environment for digital assets. The market cap of Bitcoin is now a massive $2 trillion.