The original cryptocurrency notched a new all-time high on Wednesday, breaking through the psychological barrier of $100,000 and then climbing even higher. The surge comes amid a climate of broader exuberance in the crypto industry, which is anticipating that the election of Donald Trump will lead to looser regulation and more blockchain innovation in the U.S.
Bitcoin punched through the $100,000 mark around 9:30 p.m. Eastern Time and continued to climb on Wednesday evening, trading for around $103,600 before giving up some of those gains. Bitcoin was trading around $103,000 at midnight EST.
