Bitcoin surges to record high as Trump picks SEC chair


Bitcoin has surged to a new all-time high, surpassing $103,000 amid optimism surrounding the appointment of Paul Atkins as SEC Chair by President-elect Donald Trump. 

This rally reflects expectations of a more favorable regulatory environment for cryptocurrencies, following Trump's campaign promises to support the crypto sector. The price increase marks a significant rise of over 140% in 2024 alone, driven by growing institutional interest and the launch of Bitcoin ETFs. 

The market is reacting positively to the potential for looser regulations, which many believe will spur further innovation in blockchain technology.


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