Bitcoin has once again surpassed the $100,000 mark, a notable milestone following its recent consolidation period. This rise is largely attributed to increasing optimism surrounding the cryptocurrency sector's regulatory future, particularly with the election of Donald Trump. The potential appointment of Brian Quintenz as head of the CFTC is viewed favorably by the crypto community.

Paul Atkins' selection as the SEC leader is expected to reverse previous regulatory stances, boosting Bitcoin's momentum. These political shifts, coupled with anticipated interest rate cuts by the Federal Reserve, have fueled investor confidence, driving Bitcoin's price past $104,000. The interest has also led to record peaks in the Nasdaq 100 index.

Bitcoin's climb is reinforced by substantial inflows into US-based Bitcoin ETFs and aggressive purchase activities by major holders. This bullish sentiment suggests that the $100,000 mark may serve as a price floor rather than a ceiling. Some experts, like Ali Martinez, predict further growth, potentially reaching $275,000, influenced by strategic purchasing patterns and technical indicators.