Bitcoin Nears $100K as Trump Embraces Crypto, Sparking Market Frenzy

Bitcoin Climbs Closer to $100,000 with Trump's Support for Crypto

According to Yahoo Finance, Bitcoin has surged towards the historic $100,000 mark following President-elect Donald Trump's endorsement of cryptocurrency. This optimism is fueled by expectations that his administration will adopt crypto-friendly regulations instead of a crackdown. The digital asset reached as high as $97,892 before slightly dipping below this threshold during London trading hours.

The market's enthusiasm was further bolstered by discussions within Trump's transition team about potentially creating a White House position dedicated to digital asset policy. Such moves are seen as positive signals for the industry and have significantly contributed to Bitcoin's recent rally.

XRP News Today: Will Gensler's Resignation Push XRP Toward $1.50?

FX Empire reports that speculation around SEC Chair Gary Gensler's potential resignation could reshape the regulatory landscape favorably for cryptocurrencies like XRP. Currently consolidating below its November 16 high of $1.27 amid uncertainty, XRP might see significant gains if pro-crypto leadership takes charge at the SEC.

This development comes alongside Bitcoin reaching an all-time high near $95k due to increased ETF inflows and MicroStrategy expanding its bond offering amid growing demand for BTC investments.

Crypto Options Traders Bet on Bitcoin Reaching $174,000 in 2026

A MarketWatch article highlights how traders are placing bets through options linked with BlackRock’s bitcoin ETF, anticipating Bitcoin prices hitting up to $174,000 by 2026. Recently achieving nearly record highs, this underlines strong investor confidence despite current volatility trends observed across markets globally, including Nasdaq allowing option trades related specifically to iShares Trust IBIT symbolized funds now available on publicly traded exchanges worldwide.

Bitcoin Prices Reach New Heights at Over $95K For First Time Ever

An analysis from Forbes reveals that Bitcoin's price recently soared past unprecedented levels, exceeding ninety-five thousand dollars ($95,000). Driven largely by ongoing momentum coupled with various bullish factors such as substantial fund inflow into ETFs, particularly ARKB, these remarkable achievements have contributed significantly to Bitcoin's recent impressive performance.

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