Bitcoin’s value is approaching $100,000. On Thursday morning, the world’s best-known and most traded crypto coin was worth around $97,000.
Bitcoin and other coins have risen sharply since Donald Trump’s victory in the American presidential elections and are breaking record after record.
The crypto market has grown by around $900 billion since the presidential elections. According to crypto platform CoinMarketCap, it is worth almost $3.2 trillion. Bitcoin accounts for the most significant part of this, with a total value of over $1.9 trillion.
Investors assume that Trump will relax the regulations around digital coins. During his election campaign, he promised to make the United States a global “crypto capital.” He also intends to fire Gary Gensler, the head of the American stock market regulator SEC.
Gensler is known as an advocate of stricter regulation of the crypto market. For example, the SEC previously initiated criminal cases against major crypto trading platforms.
