Bitcoin Price Surpasses $100,000 with Optimism Over Trump's Crypto Plans

Coinmarketcap analysis company's data shows that the value of the global cryptocurrency market, including Bitcoin, has surpassed $3.6 trillion in the past 24 hours. The price of Bitcoin, the largest cryptocurrency, rose by over 6% in the past 24 hours, surpassing $100,000 for the first time. Trading at $101,447 as of 05:52 GMT, Bitcoin's weekly gain has increased to 5.36%. The price surge in Bitcoin is attributed to the optimism surrounding the moderate regulations on cryptocurrencies expected to be implemented under Trump's administration. Trump had made statements during his election campaign embracing digital assets and promising to make the U.S. the "crypto capital of the planet" and establish a national Bitcoin reserve. Analysts note that the announcement of SEC Chairman Gary Gensler's resignation, whose approach to the crypto industry has been controversial, also had a positive impact on the cryptocurrency market. Ethereum, ranked second in market value, also saw a price increase of 5.8% in the past 24 hours, reaching $3,860.