Bitcoin price hits new all-time high above $100,000 on optimism over Donald Trump’s crypto plans
Live MintBitcoin price, the price of the world's largest cryptocurrency, has broken its $100,000 ceiling for the first time, hitting an all-time high on December 5 amid steps from United States President-elect Donald Trump which show his backing for the sector. I believe Bitcoin will continue to shape the future.” Mike Novogratz, founder and CEO of crypto firm Galaxy Digital told Reuters, “We're witnessing a paradigm shift. This momentum is fueled by institutional adoption, advancements in tokenization and payments, and a clearer regulatory path.” Justin D'Anethan, a Hong Kong-based independent crypto analyst told the news agency, “Bitcoin crossing $100,000 is more than just a milestone; it's a testament to shifting tides in finance, technology, and geopolitics. Steven McClurg, founder of Canary Capital, a digital assets investment firm was cautious but optimistic, saying, “Once we flush out those sell orders, this could go higher still, and very rapidly… Bitcoin's prices can hit $120,000 by Christmas.” Trump Has Stake in Cryptos Now Notably, Trump now has stake in the cryptocurrency market and that makes investors hopeful his support would be consistent. The Republican has noticably “pivoted” his stance on digital assets — once calling bitcoin a "scam" and even promised to make the US the “crypto capital of the planet”, it added.