Bitcoin's Surge Towards $100,000

Bitcoin is closing in on the historic $100,000 level, driven by optimism surrounding President-elect Donald Trump's support for cryptocurrencies and the expectation of friendlier regulations. The cryptocurrency has experienced a blistering rally in recent weeks, with analysts predicting a rise to $100,000 in the short term. This surge has led to a record-breaking run and a significant increase in assets invested in Bitcoin, including US exchange-traded funds surpassing $100 billion. The market is closely watching Trump's policies and the Federal Reserve's interest rate cuts, while Bitcoin supporters see the $100,000 milestone as a key achievement.