Bitcoin tops $100,000 as big rally sparked by Trump election win rolls on
LA TimesBitcoin has topped the $100,000 mark as a massive rally in the world’s most popular cryptocurrency sparked by the election of Donald Trump rolls on. He’s faced criticism from industry players in the process, including the chief legal officer of Robinhood, who described Gensler’s approach toward crypto as “rigid” and “hostile.” Gensler will step down when Trump takes office. The spot ETFs were the dominant driver of Bitcoin’s price before the election — but, like much of the crypto’s recent momentum, saw record inflows postelection. Recent research published by the United Nations University and Earth’s Future journal found that the carbon footprint of 2020-21 Bitcoin mining across 76 nations was equivalent to the emissions from burning 84 billion pounds of coal or running 190 natural gas-fired power plants.