Cryptocurrencies
Bitcoin Resumes Rise After Digital Proponent Selected for SEC
- Paul Atkins is expected to focus on paring regulation
- Political turmoil in South Korea hit local crypto prices
Cryptocurrency speculators kept Bitcoin in sight of the landmark $100,000 after digital-asset proponent Paul Atkins was selected by US President-elect Donald Trump to lead the Securities and Exchange Commission.
The original digital asset erased earlier losses to trade about 1% higher at around $97,300 as of 2:58 p.m. Wednesday in New York, following a more than 40% advance since Trump’s Nov. 5 election victory. Trump has pledged to undo a Biden administration crackdown on digital assets.