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

Bitcoin reached over $98,000 for the first time on Thursday, continuing a surge of nearly 40% in just two weeks. This rally follows the U.S. presidential election, with expectations that the incoming Trump administration will be more supportive of cryptocurrencies. The rise in Bitcoin's value is linked to increased investments in spot Bitcoin exchange-traded funds (ETFs) and a shift in regulatory outlook. Trump's victory has raised hopes for favorable legislative changes in the crypto industry, contrasting with the previous administration's approach. Despite the recent gains, experts caution about the volatility of cryptocurrencies. Bitcoin's price history shows significant fluctuations, and concerns about the environmental impact of mining persist, particularly regarding energy sources used in the process.