Bitcoin surges past $99,000 as investors eye regulatory changes in the US

Bitcoin has reached a new high, surpassing $99,000, marking a significant increase of over 40% in just two weeks. This surge comes two years after its price fell below $17,000 following the FTX collapse. The recent rally is linked to expectations of a more favorable regulatory environment under the incoming Trump administration. Trump has expressed intentions to promote cryptocurrency, including plans for a "strategic reserve" of bitcoin. Despite the excitement, experts caution about the volatility of cryptocurrencies. The market remains unpredictable, and while some investors are optimistic, others warn of potential risks and the impact of regulatory changes.