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Trump camp suddenly released major 'revelations'. Bitcoin surged violently by 0.097 million. Musk reportedly has accepted dogecoin payment.
On Monday, November 25th, bitcoin surged violently above $97,000. Newly elected US President Donald Trump announced that the prominent crypto hedge fund manager Scott Bessent will serve as the new Treasury Secretary. Republican Representative French Hill from Arkansas revealed that Hester Peirce, considered the "mother of cryptos" by some, will take over as the Acting Chair of the US Securities and Exchange Commission.
Trump's nominated Secretary of Commerce's company is negotiating with stablecoin giant Tether on a $2 billion bitcoin loan project.
Lutnick's financial services company Cantor Fitzgerald is negotiating with Tether to launch a $2 billion project, offering clients dollar loans with bitcoin as collateral.
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Industry interpretation: Bitcoin price breaks 0.1 million USD - why is this so important for the crypto industry?
In this article, the author will analyze how bitcoin's breakthrough of $0.1 million will impact market dynamics, regulatory environment, institutional adoption, and the broader cryptocurrency ecosystem.