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

Bitcoin has surged past $98,000 for the first time, continuing a rally that began after the U.S. presidential election. The cryptocurrency has gained over 40% in just two weeks, driven by expectations of a more favorable regulatory environment under the incoming Trump administration. The recent price increase follows the approval of spot bitcoin exchange-traded funds (ETFs) in January, which have attracted significant investment. Analysts noted that bitcoin ETFs recorded $6 billion in trade volume during the election week, contributing to the cryptocurrency's momentum. Despite the gains, experts caution about the volatility of cryptocurrencies. Historical trends show that prices can fluctuate dramatically, and investors are advised to remain cautious, especially given the energy-intensive nature of bitcoin mining and its environmental impact.