Bitcoin shattered expectations on Thursday, surging to an unprecedented $116,664. The monumental rally was fueled by a powerful confluence of accelerating institutional demand, robust ETF inflows, and renewed political tailwinds from the Trump administration.
Read MoreBitcoin soared to a new all-time high of $111,999 late Wednesday, extending a robust rally that commenced in late June.
Read MoreAmid growing speculation, reports indicate that the Trump administration is planning to create a Strategic Bitcoin Reserve in the United States, potentially fulfilling a key campaign promise.
Read MoreIn November, the victory of the president-elect sparked a surge in crypto markets, with many analysts predicting the end of the U.S. government's aggressive stance toward the industry's major players.
Read MoreBrian Quintenz, the head of policy at a16z Crypto, is reportedly a leading candidate for the position of Chairman of the Commodity Futures Trading Commission (CFTC).
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