President-elect Trump posts congratulatory message on Truth Social account for Bitcoin surpassing $100,000
"Together, we will make America great again"
President-elect Donald Trump mentioned the "Bitcoin surpassing $100,000" on the 5th (local time) and welcomed it. Photo by AP, Yonhap News
“Congratulations, Bitcoiners (Bitcoin holders)!!! $100,000!!! Welcome!!!”
As the cryptocurrency Bitcoin surpassed $100,000 for the first time in history on the 4th (local time), Donald Trump, the President-elect of the United States who has proclaimed himself a 'pro-Bitcoin president' and pledged to "make the U.S. the capital of cryptocurrency," directly mentioned and celebrated Bitcoin's breakthrough to $100,000.
On the 5th (local time), Trump posted this message on his social media platform, Truth Social. At the end of his post, he added, "Together, we will Make America Great Again!"
President-elect Donald Trump mentioned and welcomed the "Bitcoin surpassing $100,000" on the 5th (local time). Trump Truth Social
Bitcoin surged about 50% in the month following former President Trump's election victory, surpassing $100,000 for the first time on the 4th and soaring to $103,900. This was driven by increased expectations for regulatory easing after Trump announced his intention to nominate Paul Atkins, who is favorable to cryptocurrencies, as the next chairman of the Securities and Exchange Commission (SEC). Gary Gensler, who has actively blocked the expansion of the cryptocurrency industry in the U.S., will hand over his position to Atkins on the 20th of next month.
However, due to profit-taking following the sharp rise, Bitcoin gave back all its gains within a day. According to the cryptocurrency market data site CoinMarketCap, Bitcoin fell below the $100,000 mark in the early morning of the 6th Korean time and is currently trading at $96,677.27. Ethereum and Ripple fell by 2.06% and 5.69%, respectively, while Solana also dropped 1.33%. Dogecoin was trading at a price up 1.53%.
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