Bitcoin nears $100,000 as Trump considers appointing crypto czar

Bitcoin is nearing $100,000, reaching around $97,920 as traders react positively to reports about President-elect Donald Trump potentially appointing a "crypto czar." This position would focus on cryptocurrency policy, marking a significant shift in regulatory oversight. The surge in Bitcoin's price follows a rally since Trump's election win, with hopes that his administration will support the crypto industry. Trading volume exceeded $96 billion in the last 24 hours, making Bitcoin the most-traded cryptocurrency. Trump's team is interviewing candidates for the new role, which could reshape how cryptocurrency is regulated in the U.S. This development has sparked optimism among investors, with some predicting Bitcoin could hit six figures by the end of the year.