Bitcoin reached a milestone by crossing the $100,000 mark for the first time, validating its place as a stable digital asset. The price surge is largely attributed to President-elect Donald Trump’s pledge to ease crypto regulations and his nomination of Paul Atkins for chair of the Securities and Exchange Commission. This move has lifted expectations among crypto fans and investors.
The rally also saw significant gains in ether (ETH), XRP, and crypto-related stocks. Digital Chamber founder Perianne Boring attributed the surge to “the Paul Haul,” which refers to Atkins’ appointment as a proponent for digital assets. Trump himself congratulated bitcoin holders on Twitter, further fueling optimism in the market.
However, not all saw the same level of enthusiasm. Intel’s stock took a hit after CEO Pat Gelsinger was forced out due to disagreements over the company’s turnaround plan and its foundry business. The company plans to operate this business as an independent subsidiary with significant investment from the CHIPS Act funding.
The market also experienced a boost from the monthly nonfarm payrolls report, which showed job growth rebounding in December.
Source: https://finance.yahoo.com/news/bitcoin-100k-intel-ceo-ousted-job-growth-rebounds-3-big-stories-in-markets-this-week-123722880.html