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This is evidenced by Binance data.

According to the exchange, Bitcoin surpassed the $103,000 mark this morning but later dropped to $102,000.

As reported by Bloomberg, this happened following the decision of newly elected U.S. President Donald Trump to appoint crypto supporter Paul Atkins as the head of the Securities and Exchange Commission (SEC). His appointment is seen as a positive signal for the cryptoindustry.

“Reaching $100 000 is a major milestone for the token and the crypto industry as a whole. We expect further momentum in the coming days” said Orbit Markets co-founder Caroline Mauron.

The publication notes that cryptocurrency supporters view the six-figure mark as validation of the controversial claims that Bitcoin serves as a modern store of value and a hedge against inflation risks. Critics, however, argue that the digital asset lacks fundamental value and is overly prone to speculative swings, Bloomberg adds.

At the same time, the rapid growth of the price of bitcoin did not affect other assets on the global market.