Bitcoin (BTC) soared to reach an intraday high of $99,240 per coin, fueled by significant positive sentiment in the cryptocurrency market.
The rally was triggered by President-elect Donald Trump's announcement of Paul Atkins as his choice for the next chair of the Securities and Exchange Commission (SEC). Atkins is known for his pro-cryptocurrency stance.
This development bolstered confidence among investors, contributing to the dramatic rise in Bitcoin's value, highlighting the potential regulatory shift under Atkins' leadership.
