Bitcoin continued its 5-day climb Thursday, approaching the symbolic $100,000 level and raising its total circulation value to almost $2 trillion.
The price of the planet’s most popular cybercurrency hit a record of $98,961 by late evening before finishing the day at $98,907.
Bitcoin has more than doubled year-to-date, gaining over 30 percent since former President Donald Trump's election to the White House this month, where he campaigned on an industry-friendly platform.
As a candidate, Trump pledged to relax Biden administration regulations on the sector, create the first government reserve for electronic currency, and even remove SEC Chairman Gary Gensler for his purported skepticism toward the alternative tender.
On July 27, the then Republican nominee told the audience at a cryptocurrency convention in Nashville that he aimed to make the United States a "bitcoin superpower" and the "crypto capital of the world."
Other competing platforms also saw gains for the day, with increases recorded for Ethereum, Litecoin, and Dogecoin.
