Bitcoin Reaches $100,000 Amid Pro-Crypto Sentiment in Washington

Bitcoin has surged past $100,000 for the first time, driven by investor optimism over potential regulatory support from US president-elect Donald Trump, who has nominated crypto advocates to key positions. This includes Paul Atkins for the SEC, raising hopes for a favorable regulatory environment. The rally is further fueled by institutional investments, with ETFs from major asset managers like BlackRock and Fidelity attracting billions. Trump's shift in stance on crypto, previously criticized as a 'scam', aligns with significant campaign contributions from crypto investors.