Bitcoin Approaches $100,000 Amid Post-Election Rally

Bitcoin is approaching the $100,000 threshold following a post-election rally, rising over 40% in two weeks. This surge is partly driven by expected regulatory changes under the incoming Trump administration. However, experts caution about investment risks and the environmental impact of cryptocurrency mining.

Bitcoin is nearing the $100,000 mark, having risen over 40% in the fortnight since the U.S. presidential election, reaching above $98,000. The current bullish sentiment among investors is attributed to an expected shift to a more cryptocurrency-friendly approach under the incoming Trump administration compared to the previous Biden administration. As of 8:30 a.m. ET, Bitcoin was trading at around $97,466.