Bitcoin has surpassed the $100,000 mark, continuing its impressive rally spurred by Donald Trump's election win. The latest surge follows a key announcement from the President-elect, who signaled a more favorable regulatory environment for cryptocurrencies with his choice of Paul Atkins as the next chair of the Securities and Exchange Commission (SEC).

Trump revealed on Wednesday that he plans to nominate Atkins, a former SEC commissioner during George W. Bush's presidency, known for his stance against excessive market regulation. This move has been seen as a positive signal for the crypto industry, fueling investor optimism.

Since Trump’s victory on November 5, Bitcoin has soared to new heights, climbing from $69,374 on Election Day to a peak of $101,512 on Wednesday. This marks a dramatic rebound from the cryptocurrency’s plunge below $17,000 two years ago, following the collapse of crypto exchange FTX.

While Bitcoin’s rise has been meteoric, it remains uncertain how long the digital currency will stay above the $100,000 threshold. As with all assets in the volatile crypto market, its future trajectory is unpredictable. While some investors remain optimistic about further gains, others continue to caution about the inherent risks.