Image credit: The Byteline

Bitcoin has surged past the $100,000 mark for the first time, setting a new record in its storied history.

The world’s largest cryptocurrency has been buoyed by optimism surrounding U.S. President-elect Donald Trump’s pro-crypto stance, sparking celebrations among enthusiasts worldwide.

The milestone came just hours after Trump announced plans to nominate former SEC commissioner Paul Atkins to head the regulatory body.

Known for his cryptocurrency-friendly views, Atkins represents a stark contrast to current SEC chairman Gary Gensler, whose tenure has been marked by stricter crypto oversight.

READ MORE: Trump nominates Paul Atkins for SEC chair

Bitcoin’s climb to $100K has captivated the crypto community, with weeks of speculation, charts, and memes circulating on social media.

Millions tuned into live watch parties online as Bitcoin's price approached the historic figure, a number long regarded as a symbolic achievement in the cryptocurrency world.

By early on Thursday morning, Bitcoin had surged over $103,500.

As the benchmark for industry optimism, Bitcoin’s record valuation underscores the growing influence of digital assets.

The cryptocurrency market is now valued at $3.3 trillion, according to Coin Market Cap, with Bitcoin leading the charge.

The recent surge is partly attributed to Trump’s election victory, with his promise to make the U.S. the "crypto capital of the planet" fueling investor confidence. This marks a significant turnaround for the president-elect, who once dismissed Bitcoin as a "scam" in 2021.

Bitcoin’s rise to $100K represents a 40% increase since the U.S. election and more than double its value at the start of 2024. The milestone reflects not only its volatility but also its enduring appeal as a symbol of financial innovation and cultural influence.

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