#$BTC analysis

Bitcoin traded above $100,000 for the first time ever amid optimism around the incoming pro-crypto Trump administration.

The latest surge comes after Trump picked Paul Atkins to head the U.S. Securities and Exchange Commission, a nomination viewed favorably by the crypto industry.$BTC

Bitcoin had stumbled in recent days after a strong post-election rally as some investors took profits. Some experts warn of a correction in bitcoin prices due to excessive leverage.