Bitcoin approaches $100,000 as optimism grows over Trump's pro-crypto policies

Bitcoin is approaching $100,000 for the first time, driven by optimism following Donald Trump's election as president. The cryptocurrency has more than doubled in value this year, with a 40% increase in just two weeks since the election. Trump's pro-crypto stance and plans to replace the current SEC chair have boosted investor confidence. His new crypto business and support from allies like Elon Musk have further fueled interest in Bitcoin, which is nearing mainstream acceptance. The rise follows a significant rebound from a low of under $16,000 in late 2022, aided by the approval of Bitcoin exchange-traded funds. However, concerns about energy use and crypto-related crime persist in the industry.