#AltcoinMomentum

Bitcoin Surges Strongly, Heading Back Toward $100,000

Translation to English:

Bitcoin Surges Strongly, Heading Back Toward $100,000

Bitcoin has resumed its climb toward $100,000 amid indications that crypto-friendly candidates are likely to take key financial positions under Donald Trump’s administration.

The digital currency rose by more than 2% in just over a week on Wednesday, reaching $97,361 before dropping to around $95,500 on Thursday morning. This rally coincided with reports of pro-crypto figures being considered for roles as chairs of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), boosting market sentiment.

Trump’s Promises

The president-elect has pledged to ease restrictions imposed by the Biden administration on digital assets and to facilitate industry growth, including creating a national Bitcoin reserve. These promises have sparked a wave of optimism that pushed Bitcoin close to a record high of $100,000 last week before traders turned cautious, awaiting concrete actions.

Prominent crypto advocate Paul Atkins has emerged as a leading candidate to replace Gary Gensler as SEC chair, according to Bloomberg. Gensler had launched a series of actions against crypto firms for non-compliance and risky practices in the digital asset sector, making him a foe of the industry.

Meanwhile, most or all potential nominees to lead the CFTC—a regulator for derivative products—are expected to support the cryptocurrency sector, which has seen a $1 trillion increase in value since Trump’s victory in the U.S. elections on November 5.

Additionally, Trump’s transition team has reportedly discussed the potential creation of the first White House office dedicated to digital asset policy.$ETH

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