Bitcoin Enters First $99,000 Line...close to $100,000

The price of Bitcoin, a major cryptocurrency stock, entered the $99,000 mark for the first time in history, and is on the verge of the $100,000 mark.

On the U.S. cryptocurrency exchange Coinbase, the price per unit of Bitcoin was trading at $99,055 as of 2:15 p.m. ET, up 4.88% from 24 hours ago.

The price of bitcoin, which was below $70,000 earlier this month, has been hitting a record high since President-elect Donald Trump's presidential victory, which promised to "become a pro-Bitcoin president."

The rise was sparked by recent reports that Trump's transition team was discussing with the cryptocurrency industry whether to open a position dedicated to virtual currency policy at the White House.

If the White House has a job dedicated to virtual currency, it will serve as an opportunity to demonstrate the impact that the virtual currency industry will exert under the second Trump administration, Bloomberg reported.