Bitcoin's value exceeded $100,000 for the first time, reaching an all-time high of $103,649. This surge is attributed to President-elect Donald Trump's nomination of Paul Atkins, a known cryptocurrency advocate, to lead the Securities and Exchange Commission (SEC). Atkins, a former SEC commissioner, is expected to implement crypto-friendly regulations, signaling a significant shift in U.S. financial policy. The total cryptocurrency market capitalization has nearly doubled in 2024, surpassing $3.8 trillion, reflecting growing institutional adoption and investor confidence.

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President-elect Trump, who previously criticized digital assets, has embraced them during his campaign, aiming to position the United States as a leader in the crypto space. This policy shift has spurred market optimism, with major crypto-related stocks experiencing significant gains. However, concerns persist regarding Bitcoin's volatility and its use in illicit activities.