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International Business Times
International Business Times
Business
AFP News

Bitcoin Hits $100,000 For First Time As Traders Cheer Trump Pick

Bitcoin broke $100,000 for the first time ever on Thursday (Credit: AFP)

Bitcoin broke $100,000 for the first time Thursday as traders cheered Donald Trump's decision to pick a crypto fan to head the US securities regulator, reinforcing optimism the new president will push through measures to deregulate the sector.

The cryptocurrency soared through the mark, having enjoyed a blistering rally since the November 5 election of Trump, who pledged on the campaign trail to make the United States the "bitcoin and cryptocurrency capital of the world".

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