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Bitcoin storms above $100,000 as bets on Trump fuel crypto euphoria - REUTERS
- Bitcoin has more than doubled this year
- Trump on Wednesday picked pro-crypto Paul Atkins to lead SEC
- Elon Musk, a major Trump ally, supports cryptocurrencies
- Crypto-related stocks have surged
Dec 5 (Reuters) - Bitcoin catapulted above $100,000 for the first time on Thursday, a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly U.S. administration to cement the place of cryptocurrencies in financial markets.
Once it broke $100,000 in Thursday's Asian morning, boosted by U.S. President-elect Trump's nomination of pro-crypto Paul Atkins to run the Securities and Exchange Commission, it was soon at an all-time high of $103,619, a surge of about 6% on the day. It was last fetching $102,650 .
