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 two weeks, driven by 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. Spot bitcoin exchange-traded funds (ETFs) have also contributed to the price increase, seeing significant inflows since the election. Despite the recent gains, experts caution about the volatility of cryptocurrencies. Bitcoin's price history shows rapid fluctuations, and concerns about the environmental impact of mining persist, particularly regarding energy sources used in the process.