$BTC

#BTC100K!

Bitcoin's price has blasted through the much-anticipated threshold of $100,000, raising questions about how much higher it could go - and whether it can shake off its notorious volatility.

The world's largest cryptocurrency rose to around $103,400 shortly after 04:00 GMT on Thursday, before falling slightly.

Dan Coatsworth, investment analyst at AJ Bell, described it as a "magic moment" for the cryptocurrency and said it had a "clear link" to Donald Trump's election victory.

Trump took to social media to celebrate the milestone, posting "congratulations Bitcoiners" and "you're welcome!"