Bitcoin approaches $100,000 on optimism over Trump crypto plans
Reuters
Bitcoin advanced towards $100,000 on Thursday, reaching a high of $95,040 during Asian trading.
The cryptocurrency has more than doubled this year, gaining 40% in the two weeks since Donald Trump's election as U.S. President, alongside pro-crypto lawmakers.
Trump has pledged to make the U.S. the "crypto capital of the planet" and build a national bitcoin reserve, boosting investor optimism. Over $4 billion has flowed into U.S. bitcoin ETFs since the election, with strong demand for BlackRock’s ETF options.
Crypto-related stocks have surged, with MARA Holdings rising nearly 14% and MicroStrategy’s market cap surpassing $100 billion.
Analysts suggest this bullish momentum reflects growing interest in the broader blockchain ecosystem, though regulatory clarity remains uncertain.
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