Bitcoin approaches $100,000 as post-election rally continues

Bitcoin has surpassed $98,000 for the first time, continuing a surge of nearly 40% in two weeks following the U.S. presidential election. Investors are optimistic about a more favorable regulatory environment under the incoming Trump administration. The recent rally is attributed to Trump's shift from skepticism to support for cryptocurrencies, including plans to make the U.S. a global crypto hub. Spot bitcoin exchange-traded funds (ETFs) have also driven significant investment inflows since their approval earlier this year. Despite the gains, experts warn of the inherent risks in cryptocurrency investments, citing past volatility and market fluctuations. Additionally, concerns about the environmental impact of bitcoin mining persist, particularly regarding energy consumption and sources.