Bitcoin surges to record high
Bitcoin hit an all-time high of $103,900 on Wednesday night before settling at around $103,100 just before midnight, up 7.62% in the past 24 hours, Forbes reported.
The $100,000 mark was breached for the first time late on Wednesday evening after the token’s price hovered just under $98,000 for nearly two weeks in what initially appeared to be a flattening of the post-election bull run.
Bitcoin’s price has risen more than 36% since election day, when it was valued at around $75,600.
Ether, the second most valuable crypto token, also appeared to be buoyed by Bitcoin’s surge and rose to $3,870 on Wednesday night, up more than 5.4% in the past 24 hours.