Bitcoin hits $100,000 in highly anticipated crypto milestone

On Wednesday night in New York, the dreams of crypto’s permabulls became reality: Bitcoin hit $100,000.

A monthlong rally has seen the largest and oldest cryptocurrency alternately approach — and then repeatedly shy away from — that most sought-after of round numbers.

Spurring the moves: the digital-asset industry’s chest-thumping optimism that U.S. President-elect Donald Trump would halt the tough government scrutiny that prevailed during his predecessor’s administration and instead pursue policies and regulators friendly to the digital-asset industry.