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Crypto markets prepare for bitcoin’s $US100,000 milestone

Alex Gluyas
Alex GluyasMarkets reporter
Updated

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Cryptocurrency markets are bracing for bitcoin to make history by claiming the $US100,000 ($153,567) level as soon as this weekend as traders position for friendlier regulation under President-elect Donald Trump.

The world’s largest cryptocurrency topped $US99,000 for the first time before easing back to $US98,883 by Friday afternoon, according to CoinDesk. Bitcoin has gained more than 40 per cent since Trump won the election on November 5, while the broader crypto market has added nearly $US1 trillion.

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Alex Gluyas is a markets reporter based in our Melbourne newsroom. Connect with Alex on Twitter. Email Alex at alex.gluyas@afr.com

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