Bitcoin Surges Past $100,000: A New Epoch for Digital Assets

Bitcoin surpassed $100,000, marking a significant milestone for digital currencies as investors are optimistic about a crypto-supportive U.S. administration. The leap is fueled by institutional investment, regulatory clarity, and major appointments such as Paul's nomination to the SEC.

Bitcoin catapulted beyond $100,000 on Thursday, marking a milestone as investors anticipate a U.S. administration favorable to cryptocurrencies will solidify their role in financial markets.

The surge followed U.S. President-elect Trump's nomination of pro-crypto Paul Atkins to lead the SEC. The cryptocurrency market now approaches a total value of $3.8 trillion.

Bitcoin's growth story is characterized by institutional adoption and regulatory progress, marking the asset's shift towards mainstream finance.

(With inputs from agencies.)