Bitcoin Soars Past $100,000 on Trump’s Pro-Crypto Pick for SEC

President-elect Donald Trump’s pick of a crypto proponent to be the next head of the US securities regulator lifted Bitcoin to $100,000 for the first time as traders warmed to the prospect of relaxed regulations.

Paul Atkins

Photographer: David Paul Morris/Bloomberg

The digital asset rose as much as 6.1% to $103,801 on Thursday. The crypto market overall has jumped by roughly $1.3 trillion since Trump’s election victory on Nov. 5 on a platform that includes a tight embrace of the crypto sector.

Trump selected Paul Atkins to replace outgoing Securities & Exchange Commission Chair Gary Gensler, who cracked down on digital assets after ...