Bitcoin hits record $100,000, fueled by crypto-friendly SEC pick and Powell's gold comparison.

Bitcoin reached a record high of over $100,000, driven by optimism following President Trump's selection of a crypto-friendly head for the US securities commission. The price surged rapidly from $80,000 to $100,000 in just over three weeks. Federal Reserve Chairman Jerome Powell likened Bitcoin to gold, describing it as a speculative asset.

December 04, 2024
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