Bitcoin within striking distance of $100,000: What’s next for BTC?

The popular cryptocurrency Bitcoin is back again with an all-new record. Today, it nearly crossed the $100,000 mark. Bitcoin rose 1.9% to $98,870.4 by 01:17 ET (06:17 GMT). The cryptocurrency hit a record high of $99,289.3 earlier in the session and was up 9.1% this week.

According to several crypto analysts, the reason behind this rise is the positive response among crypto investors and enthusiasts. This has been associated with the current friendlier U.S. regulations. In addition, there has been increased interest in options trading, which has boosted crypto.