President-elect Donald Trump lauded Bitcoin’s (BTC) record-breaking ascent past $100,000, congratulated Bitcoin investors on his Truth Social platform, and attributed the milestone to his influence.

Trump declared that Bitcoin investors are “welcome,” framing the surge as a testament to his pro-growth policies. He said:

“CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!”

Following the US election results on Nov. 6, Bitcoin experienced a series of all-time highs, culminating in a historic all-time high of $104,611 on Dec. 4. However, as of press time, the flagship crypto was trading around $98,300 following a retracement.

Over this period, BTC delivered a staggering 36% return, with market sentiment buoyed by what many traders and analysts dubbed the “Trump trade.”

Trump trade

Bitcoin’s rally gained traction in early October after a period of prolonged stagnation, driven by speculation surrounding the election’s outcome. Traders and investors began pouring into risk assets, including Bitcoin and US equities, anticipating that a Trump victory would catalyze a price surge.

This pre-election momentum pushed BTC prices up 20% in just a month. Market analysts responded by revising their forecasts, aligning investment strategies with the bullish sentiment spurred by Trump’s political comeback.

Standard Chartered’s global head of digital assets research, Geoffrey Kendrick, said investors should buy Bitcoin’s dip at $60,000 on Oct. 3, citing Trump’s potential win as a pivotal factor. Kendrick’s call coincided with growing market confidence in a pro-crypto administration.

VanEck’s head of digital asset research, Matthew Sigel, echoed this optimism, raising the firm’s price target for Bitcoin to $180,000 during the current bull cycle. Sigel attributed his bullish outlook to a combination of institutional demand and the political tailwinds from Trump’s election victory.

Meanwhile, Bitwise CIO Matthew Hougan described Trump’s presidency as heralding a “Golden Age of Crypto.” In a memo released after the election, Hougan suggested that Trump’s administration could usher in greater regulatory clarity for the US crypto market.

Hougan emphasized that Bitcoin’s fundamentals entering 2024 were already robust, bolstered by institutional demand following the approval of spot Bitcoin ETFs in the US and the increasing adoption of real-world use cases.

However, he noted that a pro-crypto government could amplify these gains, providing the final push to cement Bitcoin’s position as a mainstream asset class.

The post Trump celebrates Bitcoin surpassing $100k milestone following election win appeared first on CryptoSlate.

Solana-based non-custodial cryptocurrency wallet Phantom announced on December 5 that it has integrated Web3 payments provider Transak to simplify crypto access and improve the user experience.

The wallet update will allow Phantom users worldwide to make crypto purchases with transaction limits of up to $75,000.

Solana Transactions via Phantom Increase

Meld, a platform specializing in on-ramp and off-ramp payment solutions, led the integration of Transak. The firm claims that Solana transactions via Phantom have increased since the update.

SOL transactions now account for 75% of Transak’s Solana activity. Phantom remains a key player in the Solana ecosystem.

The Solana wallet continues to dominate the non-custodial space, with millions of users in over 100 countries. The wallet ranks among the top global wallets.

While originally built for the Solana blockchain, Phantom supports Ethereum, Polygon, and Bitcoin. By integrating Transak, Phantom said, it continues to advance Web3 accessibility, making it easier for users to engage with digital assets across multiple blockchains.

Phantom Safe from Solana Web3.js Bug

On Tuesday, Phantom reassured its users that it is unaffected by a critical vulnerability recently discovered in the Solana/web3.js library.

The exploit, found in versions 1.95.6 and 1.95.7, involved malicious code designed to steal private keys. This flaw severely threatened applications and developers relying on the compromised versions, potentially exposing user funds to theft.

Phantom’s security team confirmed in a statement on X that the wallet provider has never used these versions in its infrastructure, ensuring its users remain safe.

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