Bitcoin Nears $100,000 Amid Regulatory Optimism

Bitcoin's price has surged to a record high of nearly $98,000, fueled by expectations of favorable cryptocurrency regulation under the incoming Trump administration, which has pledged to make the U.S. a crypto capital and create a strategic bitcoin reserve. Industry experts predict that Bitcoin could reach $100,000 soon and potentially higher if nation-state adoption increases, with projections as high as $150,000 by the end of the year. This bullish trend is supported by significant accumulation by whale investors and long-term holders, who remain optimistic about Bitcoin's prospects despite its historical volatility. However, some caution that the $100,000 mark could act as a psychological barrier, possibly triggering a sell-off. Meanwhile, altcoins such as Binance Coin (BNB) and Avalanche (AVAX) are also experiencing significant gains, benefiting from market momentum and technological upgrades.