Tech

Bitcoin surpasses the $100,000 mark

Bitcoin surpasses the $100,000 mark

Bitcoin has set a new record, surpassing the $100,000 mark for the first time.

The value of the world's largest cryptocurrency has surged amid hopes that US President-elect Donald Trump will enact crypto-friendly policies. The milestone was reached hours after Trump said he would nominate former Securities and Exchange Commission (SEC) Commissioner Paul Atkins to lead the Wall Street regulator.

A valuation of $100,000 represents a 40% increase on US Election Day and more than double the price at which it started the year.