Bitcoin tops $1,00,000 as big rally sparked by Trump election win rolls on

Bitcoin has topped the USD 1,00,000 mark as a massive rally in the world’s most popular cryptocurrency sparked by the election of Donald Trump rolls on.

The milestone comes just hours after the President-elect signalled a lighter regulatory approach to the crypto industry with his choice of Paul Atkins to be the next chair the Securities and Exchange Commission.

Trump said Wednesday that he intends to nominate Atkins, a former SEC commissioner during the presidency of George W. Bush. In the years since leaving the agency, Atkins has made the case against too much market regulation.