Bitcoin’s price hits US$100,000 for the first time in history, hitting an all-week high after a relatively flat week. The surge followed Donald Trump’s election victory, fuelling optimism about a more crypto-friendly administration and reduced regulatory pressures. In a significant move, Trump has nominated former SEC Commissioner Paul Atkins to lead the agency, alongside pro-crypto figures Perianne Boring and Caroline Pham as potential CFTC chairs. Meanwhile, Ethereum ETFs experienced a record-breaking $333 million in inflows, outpacing Bitcoin funds as investors embraced the “catch-up trade.” Despite this, BlackRock’s spot Bitcoin ETF, IBIT, reached a milestone of over 500,000 Bitcoin under management—equivalent to more than 2% of Bitcoin’s total supply.
