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Bitcoin priceshave been on the rise this twelvemonth , and the cryptocurrency has reached the $ 100,000 price item for the first time on Wednesday .
The cryptocurrency ’s Mary Leontyne Price has jumped more than 5 % in the last 24 minute .
The late rally begin with the election of Donald Trump as chair , as he call a more crypto - friendly regime than current president Joe Biden . On Wednesday , Trump pick out Paul Atkins , a crypto exponent , as the chairperson for the Securities and Exchange Commission ( SEC ) .
Under Biden , the SEC hastaken legal actionagainst crypto exchanges like Coinbase , claim that some crypto tokens sold through the platforms were in reality unregistered security . The crypto industry donated $ 245 million during the election cps , according to CNBC .
Reuters reported that because of Trump ’s pro - crypto stance , modest businesses areshifting some of their investing from hard cash to crypto .
Bitcoin ’s damage has leap about 50 % since election day and is up more than 100 % for the class overall .
