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Why has bitcoin topped the $100,000 mark?

NEW YORK (AP) — Bitcoin 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.

Why did bitcoin hit $100K a day?

Bitcoin touched $100,000 just hours after Atkins was announced as Trump’s choice for SEC chair. The new milestone builds on the stunning rally set in motion since Trump was projected to win the presidency on November 6, which fueled a $6,000 one-day spike in bitcoin that brought it to a new record above $74,000. A week later, it hit $90,000.

Why did bitcoin hit a new record for the first time?

Bitcoin has hit $100,000 for the first time on Wednesday, surging to a new record after President-elect Donald Trump unveiled administration picks seen as holding the keys to ushering in crypto-friendly policies when he takes office in January.

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