Bitcoin Surpasses $100K for the First Time in History – One America News Network
By OAN Staff James Meyers
11:51 AM – Thursday, December 5, 2024
Bitcoin prices surged past $100,000 for the first time on Wednesday evening, continuing to climb on Thursday following President-elect Donald Trump’s election victory and increasing speculation about a potential crypto czar in the new administration.
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The value of Bitcoin rose from $69,121 the day prior to Election Day to an all-time high of $74,445 on November 6th, the day after the election.
Since then, Bitcoin’s ascent has persisted, breaching the $80,000 mark for the first time on November 10th and surpassing $88,000 the following day. By November 13th, the cryptocurrency was trading above $92,800 before a slight pullback.
On Truth Social, Trump expressed, “Congratulations Bitcoiners!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!”
In the days leading up to this surge, the incoming Trump administration has shown an interest in enhancing the authority of the Commodity Futures Trading Commission, potentially overseeing a substantial part of the $3 trillion digital asset sector.
A possible candidate for this role is former CFTC Chairman Chris Giancarlo, who recently discussed the topic with FOX Business.
“With proper funding and competent leadership, I believe the CFTC could begin regulating digital commodities from day one of Donald Trump’s presidency,” former CFTC Chairman Chris Giancarlo remarked.
During his campaign, the 47th president pledged to dismiss Securities and Exchange Commission (SEC) Chair Gary Gensler, who has faced backlash from crypto advocates.
Additionally, Trump revealed on Wednesday that he is nominating Paul Atkins to become the new SEC chair.
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