Bitcoin approaches $100,000 as investors react to U.S. election results

Bitcoin is nearing the $100,000 mark, closing at over $98,000 during European trading. This increase follows a 4% rise on Thursday and a doubling of its price this year. Investors are optimistic about a more favorable U.S. regulatory environment under President-elect Donald Trump, who has expressed support for cryptocurrencies. Since the election, Bitcoin has gained about 40%. Over $4 billion has flowed into U.S. Bitcoin exchange-traded funds since the election. Additionally, options for BlackRock's ETF have seen strong demand, indicating growing interest in the cryptocurrency market.