Bitcoin Surpasses $100,000 Amid Optimism Over SEC Leadership

Russell Shor Written by Russell Shor

Bitcoin prices broke $100,000 for the first time on Wednesday, reaching a peak of $103,852. The rise followed news that President-elect Donald Trump would appoint Paul Atkins, CEO of Patomak Global Partners, to lead the Securities and Exchange Commission. This is seen as positive for digital assets, as Atkins has ties to crypto lobby groups and has criticised past regulations.

Bitcoin's market value now stands at $2.03 trillion, higher than all but a few major US companies. The rally, which had slowed after Trump's election, has sparked new speculation on how high Bitcoin might go, with some analysts targeting $110,000 and others predicting it could hit $200,000 by next year. However, some still warn that Bitcoin is volatile and risky, with many investors losing money in the past.

Russell Shor

Senior Market Strategist

Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.

Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.

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