Bitcoin is nearing $100,000, thanks in part to Donald Trump's re-election. Crypto experts think it's poised to continue, but don't recommend making any rash investment decisions.

Bitcoin was soaring toward six figures for the first time ever as it extends its record-breaking rally early Thursday. The world’s largest cryptocurrency climbed as much as 3.4% in early trading to top $97,

Bitcoin's march toward $100,000 gathered pace on Thursday, as expectations mounted for a friendlier U.S. regulatory approach under President-elect Donald Trump, marking a stunning rebound for an asset many investors still regard with scepticism.

Mr Gensler confirmed the news on social media platform X after the Securities and Exchange Commission (SEC) said its 33rd chairman would step down on 20 January next year. “I thank President Biden for entrusting me with this incredible responsibility.

Gensler oversaw a turbulent time for the Securities and Exchange Commission as it battled with crypto firms and Wall street.