{"id":109022,"date":"2024-12-05T13:23:05","date_gmt":"2024-12-05T09:23:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=109022"},"modified":"2024-12-05T13:23:08","modified_gmt":"2024-12-05T09:23:08","slug":"bitcoin-surges-past-100000-on-optimism-over-u-s-regulations","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-surges-past-100000-on-optimism-over-u-s-regulations\/12\/05\/market-updates\/","title":{"rendered":"Bitcoin Surges Past $100,000 on Optimism Over U.S. Regulations"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>Bitcoin achieved a historic milestone on Thursday, surpassing the $100,000 mark amid growing optimism surrounding potential crypto-friendly policies under President-elect Donald Trump and favorable commentary from Federal Reserve Chair Jerome Powell.<\/p>\n\n\n\n<p><strong>Market Highlights<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin Price<\/strong>: Climbed 5.9% to a record high of $101,438.9 during Asian trading hours.<\/li>\n\n\n\n<li><strong>Year-to-Date Performance<\/strong>: Bitcoin has soared approximately 140% in 2024, with November contributing significantly to its gains following Trump\u2019s election victory.<\/li>\n<\/ul>\n\n\n\n<p><strong>Regulatory Optimism<\/strong><br>The market responded positively to Trump\u2019s nomination of <strong>Paul Atkins<\/strong> as the next Chair of the <strong>U.S. Securities and Exchange Commission (SEC)<\/strong>. Atkins, known for his pro-crypto stance, is expected to usher in a more favorable regulatory environment compared to outgoing Chair Gary Gensler, who led a stringent crackdown on the crypto industry over the past two years.<\/p>\n\n\n\n<p>Trump\u2019s campaign promise to make the U.S. the \u201ccrypto capital of the world\u201d has further fueled investor enthusiasm, with expectations of deregulation and innovation-friendly policies.<\/p>\n\n\n\n<p><strong>Fed\u2019s Stance on Bitcoin<\/strong><br>Federal Reserve Chair Jerome Powell bolstered Bitcoin\u2019s appeal by likening the cryptocurrency to gold rather than positioning it as a threat to the U.S. dollar. Powell characterized Bitcoin as primarily a speculative asset, but his comparison to gold underscored its increasing legitimacy as a store of value.<\/p>\n\n\n\n<p><br>The breach of the $100,000 psychological barrier is seen as a pivotal moment for Bitcoin, potentially attracting new investors and signaling continued strength in the cryptocurrency market. The combination of regulatory optimism and institutional acceptance may pave the way for sustained upward momentum, barring major macroeconomic or regulatory shifts.<\/p>\n\n\n\n<p>As crypto markets enter uncharted territory, investor focus will likely shift to how the incoming administration&#8217;s policies and evolving global sentiment shape the industry\u2019s trajectory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin achieved a historic milestone on Thursday, surpassing the $100,000 mark amid growing optimism surrounding potential crypto-friendly policies under President-elect Donald Trump and favorable commentary from Federal Reserve Chair Jerome Powell. Market Highlights Bitcoin Price: Climbed 5.9% to a record high of $101,438.9 during Asian trading hours. Year-to-Date Performance: Bitcoin has soared approximately 140% in &hellip;<\/p>\n","protected":false},"author":9,"featured_media":53219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6904,8060],"class_list":["post-109022","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin","tag-profit-taking"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=109022"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109022\/revisions"}],"predecessor-version":[{"id":109023,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109022\/revisions\/109023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53219"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=109022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=109022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=109022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}