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(Bloomberg) -- Bitcoin stabilized just below the $100,000 level it topped for the first time this week after briefly diving almost 7% earlier in the day, underscoring rising volatility following the past month’s rally. Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectThe digital asset fell as low as $92,144 before rebou

Bitcoin crosses the $100K mark fueled by renewed optimism from pro-crypto policy signals under Trump. Meanwhile, the industry faces turbulence with SEC leadership shifts and high-profile fraud cases.

Tomasz Tunguz, known for his enterprise software bets, plans to invest one-third of his new $450 million fund into crypto.

On-chain data shows strong buying activity among both institutional and retail investors.

Your day-ahead look for Dec. 6, 2024

With Bitcoin breaching the highly-watched $100K mark, investors are fully coming around to the momentum in crypto. And these two miners have seen their shares pop thanks to the bullish price action in BTC.

The president-elect tasked David Sacks with guiding the administration’s policy on the technologies and leading a council of presidential advisers.