Bitcoin Surged Past $100K, Can It Stay There?

KEY TAKEAWAYS

Bitcoin rose above $100,000 for the first time on Wednesday night but traded closer to $98,000 amid profit taking Thursday.

The surge past $100K followed comments regarding the crypto asset from Russian President Vladimir Putin and Federal Reserve Chairman Jerome Powell, in addition to Donald Trump's nomination of Paul Atkins as the next SEC chair.

Many analysts have set bitcoin price targets well above $100,000 due to increasing demand and limited supply.

Volatility in bitcoin prices may occur, but it may not be as severe as it has been in past cycles.#bitcoin #BTC