Bitcoin Surpasses $100,000

Bitcoin eclipsed $100,000 following Donald Trump's election as president of the United States.

According to a report from Axios, Trump "would love" for bitcoin to rise even further, potentially exceeding $150,000. Following his victory over Vice President Kamala Harris, both bitcoin and the broader cryptocurrency market have experienced significant gains.

Axios noted that Trump will focus on the price of bitcoin, viewing it as "another stock market". During his prior presidency, Trump often highlighted stock market performance as a barometer for his economic policies.

Since Trump’s election in November, bitcoin's price has increased from around $68,000 to a peak of $103,000. Recently, Trump congratulated bitcoin enthusiasts on its rise above the $100,000 mark in a post on Truth Social, implying he played a role in that increase.

As of 12:19 p.m. ET on Tuesday, bitcoin was trading at $95,205.73, according to The Block Price Page.

In related news, Axios reported that Trump aims to promote crypto-friendly regulations, including nominating Paul Atkins to lead the U.S. Securities and Exchange Commission. Atkins founded Patomak Global Partners, a consulting firm that serves crypto exchanges and DeFi platforms.