Bitcoin Nears $100,000 Following Trump's Election Win

The cryptocurrency surges 40% in two weeks as investors anticipate a pro-crypto regulatory environment under the incoming administration.

Bitcoin is trading close to $100,000 for the first time, marking a 45% increase since Donald Trump's election victory on November 6, 2024.
The rally is fueled by expectations that the Trump administration will adopt crypto-friendly policies and reduce regulatory oversight, including potential changes at the SEC.
Spot Bitcoin ETFs, approved earlier this year, have driven significant investment inflows, with $25.8 billion in net inflows year-to-date.
Altcoins, including Ethereum and Dogecoin, have seen gains but remain overshadowed by Bitcoin's dominance in the market.
Environmental concerns persist about Bitcoin mining's high energy consumption, though clean energy use in mining has reportedly increased.