Bitcoin is climbing back toward the elusive $100,000 price level again, snapping its longest losing since Donald Trump’s presidential victory triggered a record-breaking rally in the largest cryptocurrency.
Since the election, Bitcoin has risen around 40% as traders anticipate a more friendly regulatory environment for crypto with a president who has said he supports the industry. The token reached an all-time high of $99,728 on Friday before turning negative the past four days. Bitcoin climbed as much as 6% to $97,361 on Wednesday. It has more than doubled this year.
