The price of $BTC surpassed $100,000 on December 5, driven by the election of Donald Trump as president-elect and his decision to appoint a pro-crypto leader at the SEC, along with recent support for the sector from Vladimir Putin. This surge pushed the value higher.
The appointment of Paul Atkins as the successor to Gary Gensler, who enforced strict regulations on the sector, marks a significant shift in the U.S. regulatory stance towards cryptocurrencies. Additionally, recent legislative elections reflect greater support for cryptocurrencies in Congress.
Will the rise continue when the markets open in the U.S.?