Bitcoin extended its streak of record highs after ticking above $99,000 for the first time overnight. The cryptocurrency has rocketed more than 40% in just two weeks.

What You Need To Know

  • Bitcoin extended its streak of record highs after ticking above $99,000 for the first time overnight

  • The cryptocurrency has rocketed more than 40% in just two weeks

  • It has rocketed more than 40% higher in just two weeks

  • Cryptocurrencies and related investments like crypto exchange-traded funds have rallied because the incoming Trump administration is expected to be more “crypto-friendly” 

Now, bitcoin is at the doorstep of $100,000, just two years after dropping below $17,000 following the collapse of crypto exchange FTX. The dramatic rally arrives as industry players expect the incoming Trump administration to bring a more “crypto-friendly” approach toward regulating the digital currency.

Bitcoin was trading at $98,882 early Friday, according to CoinDesk.

As with everything in the volatile crypto markets, the future is impossible to know. And while some are bullish, other experts continue to warn of investment risks.