Ammon News - Bitcoin's march toward $100,000 made further ground on Thursday as investors bet a friendlier U.S. regulatory approach to cryptocurrencies under President-elect Donald Trump will unleash a boom era for the asset class.

Bitcoin prices topped $96,000 for the first time in Asia trade, touching a high just above $96,898.

The cryptocurrency's price has more than doubled this year and is up about 40% in the two weeks since Trump was voted in as the next U.S. president and a slew of pro-crypto lawmakers were elected to Congress.

"While it's now firmly into overbought territory, it is being drawn toward the $100k level," said IG Markets analyst Tony Sycamore.

Reuters