Bitcoin is close to breaking the $100,000 milestone, fueled by optimism around President-elect Donald Trump’s pro-crypto stance.
The cryptocurrency hit $98,000 during European trading, doubling its value this year and surging 40% in the two weeks since Trump’s election win. Trump has promised to make the U.S. the "crypto capital of the planet" and establish a Bitcoin stockpile. Over $4 billion has flowed into U.S.-listed Bitcoin ETFs since the election, with BlackRock’s ETF options debut showing strong demand.