{"id":646027,"date":"2024-12-05T13:30:27","date_gmt":"2024-12-05T10:30:27","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-hits-100000-for-first-time\/"},"modified":"2024-12-05T13:49:23","modified_gmt":"2024-12-05T10:49:23","slug":"bitcoin-hits-100000-for-first-time","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-hits-100000-for-first-time\/","title":{"rendered":"#Bitcoin hits $100,000 for first time"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26ea1429b96\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26ea1429b96\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-hits-100000-for-first-time\/#Trumps_U-turn\" >Trump&#8217;s U-turn<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\">Bitcoin broke $100,000 for the first time Thursday as traders cheered Donald Trump&#8217;s decision to pick a crypto fan to head the US securities regulator, reinforcing optimism the new president will push through measures to deregulate the sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The cryptocurrency soared through the mark to a peak of $103,800, having enjoyed a blistering rally since the November 5 election of Trump, who pledged on the campaign trail to make the United States the &#8220;bitcoin\u00a0and cryptocurrency capital of the world&#8221;.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The digital unit has jumped more than 50 percent since the tycoon&#8217;s poll win\u2014and around 140 percent since the turn of the year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, the unit&#8217;s advance stalled in recent weeks, sitting just below $100,000 as traders awaited new catalysts to buy in.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That came with <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> that Trump has fingered major crypto proponent Paul Atkins to take over as chair of the Securities &amp; Exchange Commission.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Atkins, an SEC commissioner from 2002 to 2008, founded risk consultancy firm Patomak Global Partners in 2009, whose clients include companies in the banking, trading and cryptocurrency industries.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">An announcement from the Trump transition team noted that Atkins had been co-chairman of the Digital Chamber of Commerce, which promotes the use of digital assets, since 2017.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Paul is a proven leader for common sense regulations,&#8221; Trump said in a statement that emphasized Atkins&#8217; commitment to &#8220;robust, innovative&#8221; capital markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;He also recognizes that\u00a0digital assets\u00a0and other innovations are crucial to Making America Greater than Ever Before,&#8221; Trump added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He would replace Gary Gensler, who led a crackdown on the sector after a 2022 market rout.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Even so, the SEC this year authorized the trading on the American market of two new financial products allowing a wider public to buy cryptocurrencies, called ETFs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One is backed by the price of bitcoin and the other by ether, the second most popular unit by capitalization.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Atkins, a conservative legal eagle with a track record of critiquing the SEC&#8217;s tough stance on cryptocurrency firms, is expected to steer a more crypto-friendly course,&#8221; said Stephen Innes at SPI Asset Management.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;This strategic move has electrified the crypto community, fueling investor optimism about a potentially more accommodating regulatory landscape under Atkins&#8217; watch, aligning with broader Republican advocacy for a lenient <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to the flourishing digital asset market.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trumps_U-turn\"><\/span>Trump&#8217;s U-turn<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Despite having once branded cryptocurrencies a &#8220;scam&#8221;, Trump changed his stance and has been a major advocate of the unit during his election campaign.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In September, he announced that he, along with his sons and entrepreneurs, would launch a digital currency platform named World Liberty Financial.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He has also become a close friend of tycoon Elon Musk, who he said would lead a new US government-efficiency group tasked with cutting federal waste.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Musk reportedly spent more than $100 million to help Trump regain the White House, repeatedly boosting his candidacy on his X <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> platform.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Reacting on X to the news of Bitcoin hitting the $100,000 mark, Musk wrote: &#8220;Wow&#8221;.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Layer on top expectations he will s<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> back regulations on the crypto industry and you begin to understand why investors have piled into the digital currency and related stock,&#8221; said Dan Coatsworth, an analyst at investment group AJ Bell.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Among the measures expected from the sector is the creation of a strategic reserve of bitcoins in the United States, consisting mainly of tokens seized by the courts, which could push other countries to grant more legitimacy to the virtual currency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And Samer Hasn, of XS.com, added that the prospect of relaxed regulation was fueling &#8220;the hope of seeing cryptocurrencies integrate more deeply into the economic life&#8221; of the country.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cryptocurrencies have made headlines since their creation, from their extreme volatility to the collapse of several industry giants, foremost among them the FTX exchange platform.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin was conceived in 2008 by a person or group writing under the name Satoshi Nakamoto.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It was pitched as a way to break free of mainstream financial institutions by establishing a decentralized platform for transactions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The digital currency is created\u2014or &#8220;mined&#8221;\u2014as a reward when powerful computers solve complex problems to validate transactions made on a meddle-proof register known as the blockchain.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin has long been criticized for being the currency of choice for making untraceable payments on the dark web, the hidden part of the internet used for criminal activities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The asset has often come under attack for facilitating money laundering and allowing extortion through ransomware attacks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00a9 2024 AFP<\/p>\n\n\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/category\/sciencee\/\" target=\"_blank\" rel=\"noopener\">Science category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/techxplore.com\/news\/2024-12-bitcoin.html\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin broke $100,000 for the first time Thursday as traders cheered Donald Trump&#8217;s decision to pick a crypto fan to head the US securities regulator, reinforcing optimism the new president will push through measures to deregulate the sector. The cryptocurrency soared through the mark to a peak of $103,800, having enjoyed a blistering rally since&#8230;<\/p>\n","protected":false},"author":1,"featured_media":646028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/scx2.b-cdn.net\/gfx\/news\/2024\/bitcoin-broke-100000-f.jpg","fifu_image_alt":"","footnotes":""},"categories":[16],"tags":[134130],"class_list":["post-646027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sciencee","tag-bitcoin-2"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/646027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=646027"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/646027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/646028"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=646027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=646027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=646027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}