$BTC has officially broken through the $100,000 milestone, reaching a record high of $103,900 This surge was largely fueled by President-elect Donald Trump's nomination of Paul Atkins as the next SEC Chair, who's known for being pro-crypto.
As a result, the crypto market cap has hit a record $3.56 billion, with investors hoping this could be the start of sweeping changes to benefit the industry. Federal Reserve chair Jerome Powell's comments comparing Bitcoin to gold have also added to the optimism.
So, what's next for Bitcoin? With its valuation now over $2 trillion, some analysts are predicting a potential rally toward $125,000 or even $146,000. However, it's essential to keep in mind that the crypto market can be highly volatile, and prices may fluctuate rapidly.
