Bitcoin has surged beyond the 100,000 threshold after President-elect Trump announced Paul Atkins as his selection for SEC chair. This pivotal moment in the cryptocurrency space has sparked excitement among traders and investors alike.

The appointment of a pro-crypto figure as SEC chair is seen as a major win for the industry, fostering optimism around regulatory developments and market acceptance. Investors are responding to this news with enthusiasm, illustrated by Bitcoin’s rapid ascent following the announcement.

This could be a transformative time for cryptocurrencies, with Bitcoin maintaining its lead as a premier digital asset while regulatory clarity develops. Observers are eager to see how these changes will impact the broader market and investor confidence moving forward.