$BTC

has surged past the important threshold of $100,000, marking a psychological milestone for cryptocurrency traders and a testament to holders and those who truly believe.

The price has skyrocketed since the Republican party's victory in the November elections signaled the end of the cryptocurrency crackdown by the Biden administration and SEC Chair Gary Gensler's declaration.

The breach of the $100,000 mark occurred just hours after President-elect Donald Trump announced former SEC commissioner and co-chair of the Digital Chamber of Commerce Token Alliance Paul Atikins as Gensler's replacement in leading the SEC.