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

Bitcoin has reached over $98,000 for the first time, continuing a surge of nearly 40% in just two weeks following the U.S. presidential election. This rally is attributed to expectations of a more favorable regulatory environment under the incoming Trump administration. Investors are optimistic as Trump has shifted from skepticism to support for cryptocurrencies, promising to make the U.S. a leader in the sector. His campaign's acceptance of crypto donations and plans for regulatory changes have boosted market confidence. Despite the gains, experts caution about the inherent risks of cryptocurrency investments, noting past volatility and market fluctuations. The energy consumption of bitcoin mining also raises environmental concerns, with significant emissions linked to its production.