Bitcoin price surges over $100,000 after Trump nominates pro-crypto SEC Chair

From Investing.com

December 5, 2024 12:41 AM:

Bitcoin surged past $100,000 after Trump nominated pro-crypto Paul Atkins to lead the SEC. Atkins will replace Gary Gensler, known for crackdowns on crypto companies. Altcoin rallied on hopes of SEC dropping Ripple lawsuit. Trump may transfer crypto oversight to the CFTC. Fed Chair Powell compared Bitcoin to gold.

Altcoins mostly rose on Trump’s potential friendlier policies. Ethereum hit $3,865.31, XRP slid 11.8% after recent gains. Dogecoin was flat, while Litecoin and Bitcoin Cash dipped. Meme token Dogecoin was up nearly 8%, possibly linked to Trump’s Department of Government Efficiency co-led by Elon Musk.

Read more at Investing.com: rallies to $103k as Trump picks pro-crypto SEC Chair By Investing.com