0.28% at $99,140.00, according to Coin Metrics, trading at the lows of Thursday’s trading following some profit taking by investors. On Wednesday night, it rose as high as $103,844.05. The move came after President-elect Donald Trump announced plans to nominate Paul Atkins as chair of the Securities and Exchange Commission. The appointment could fulfill Trump’s most important campaign promise to the crypto industry: to replace Gary Gensler, who has become something of a villain in crypto for the agency’s regulation-by-enforcement approach to the industry under his leadership. Trump congratulated bitcoiners in a Truth Social post Thursday morning, saying “you’re welcome” for his part in helping send bitcoin to $100,000 and that “together, we will make America great again.” It’s a day of celebration for longtime bitcoin investors, who have held on for dear life, or “HODL’d” through several of the cryptocurrency’s boom-and-bust cycles, during which government and financial institutions remained dismissive — and even hostile — towar Bitcoin's road to $100,000 The line chart shows bitcoin's price history from its inception. 2015 2020 2025 0 10K 20K 30K 40K 50K 60K 70K 80K $90K 2024 Dec 4 $98,858.88 Source: Coin Metrics Price as of market close Dec. 4, 2024 told CNBC. Bitcoin had been widely expected to reach the landmark $100,000 level since the U.S. presidential election. However, excited investors sent bitcoin closer to this mark much sooner than initially anticipated; it rose as high as $99,849.99 on Nov. 22. There is much hope that Trump will deliver on several pro-crypto initiatives in the year ahead — including the establishment of a national strategic bitcoin reserve or stockpile, no taxes on crypto transactions and opening up the crypto public equity markets with more IPOs. “Over the long term, I’m bullish,” Novogratz added. “It won’t be a straight line up, and investors should always consider taking gains off the table. But, with a pro-crypto administration about to take charge in the U.S., it’ll be hard for the rest of the world not to take notice.” Bitcoin is now up more than 133% in 2024 and 42% since the election. Don’t miss these cryptocurrency insights from CNBC Pro: Bitcoin will double to $200,000 by the end of 2025, says Standard Chartered Bitcoin to replace gold over next decade, says Bernstein What’s next for bitcoin after topping $100,000, according to the charts These are the stocks with the highest correlation to bitcoin as the digital currency tops $100,000 Bitcoin hit $100,000. Here’s what’s next if you’re holding the crypto in your portfolio