Bitcoin Surges Past $100,000 Amid Trump-Driven Optimism

Bitcoin has broken the $100,000 barrier, with its price reaching $103,619. This surge is attributed to optimism over US President Donald Trump's plans for cryptocurrencies. The market value of Bitcoin has increased to $3.8 trillion, with its value rising by more than 50% in just four weeks. Institutional investors have also shown interest in Bitcoin, with roughly 3% of the total supply being purchased by institutional money. The appointment of Paul Atkins as the new SEC chair is expected to have a positive impact on the cryptocurrency market, with more crypto-friendly regulations likely to be introduced. This development has sent shockwaves through the financial world, with many experts hailing it as a major milestone for the cryptocurrency market.