Bitcoin approaches $100,000 following post-election rally and regulatory optimism

Bitcoin's value reached a record high of $98,000, a 40% increase since the recent presidential election. Analysts attribute this surge to expectations of a more favorable regulatory environment under President-elect Donald Trump, who aims to position the U.S. as a leader in cryptocurrency. Trump's campaign has included plans for a strategic bitcoin reserve and a shift in regulatory policies, which may ease restrictions on cryptocurrencies. His previous skepticism about bitcoin contrasts with his current support, which is expected to attract more investors. The approval of bitcoin exchange-traded funds has also boosted demand, with significant trading volumes reported. However, experts warn about the volatility of cryptocurrency markets and ongoing environmental concerns related to bitcoin mining.