Bitcoin surges past $99,000 as optimism grows for new regulations

Bitcoin has reached a new high, surpassing $99,000 for the first time. This surge follows a 40% increase in just two weeks, driven by optimism surrounding the incoming Trump administration's potential for more favorable cryptocurrency regulations. Two years ago, Bitcoin's price fell below $17,000 after the collapse of the FTX exchange. The recent rally is also supported by the approval of spot Bitcoin exchange-traded funds (ETFs) and increased trading activity, with $6 billion in volume recorded during the election week. Despite the excitement, experts caution about the risks of investing in cryptocurrencies, which can be highly volatile. The upcoming regulatory changes and the impact of Bitcoin mining on the environment remain key concerns for investors and analysts.