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Bitcoin rose above $100,000 for the first time on Thursday as the election of Republican Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies.

Bitcoin has more than doubled in value this year and is up about 45% in the four weeks since Trump’s sweeping election victory, which also saw a slew of pro-crypto lawmakers being elected to Congress.

It last traded at $100,027 as of 0240 GMT, up 2.2% on the previous session, after earlier rising as high as $100,277.

“We’re witnessing a paradigm shift. After four years of political purgatory, bitcoin and the entire digital asset ecosystem are on the brink of entering the financial mainstream,” said Mike Novogratz, founder and CEO of US crypto firm Galaxy Digital.

“This momentum is fueled by institutional adoption, advancements in tokenization and payments, and a clearer regulatory path.”

More than 16 years after its creation, bitcoin appears on the cusp of mainstream acceptance, despite naysayers and a history of controversies.

“Bitcoin crossing $100,000 is more than just a milestone; it’s a testament to shifting tides in finance, technology, and geopolitics,” said Justin D’Anethan, a Hong Kong-based independent crypto analyst.

“The figure not that long ago dismissed as fantasy, stands as a reality.”

Trump embraced digital assets during his campaign, promising to make the United States the “crypto capital of the planet” and to accumulate a national stockpile of bitcoin.

Crypto investors see an end to increased scrutiny under US Securities and Exchange Commission Chair Gary Gensler, who said last week he wouldstep downin January when Trump takes office.

On Wednesday, Trump said he would nominate Paul Atkins to run the Securities and Exchange Commission. Atkins, a former SEC commissioner, has been involved in crypto policy as co-chair of the Token Alliance, which works to “develop best practices for digital asset issuances and trading platforms,” and the Chamber of Digital Commerce.

A slew of crypto companies including Ripple, Kraken and Circle arejostlingfor a seat on Trump’s promised crypto advisory council, seeking a say in his planned overhaul of US policy, according to several digital asset industry executives.

Trump’s businesses may also have a stake in the sector.

He unveiled a new crypto business, World Liberty Financial, in September.

Although details about the business have been scarce, investors have taken his personal interest in the sector as a bullish signal.

Trump’s social media company is inadvanced talksto buy crypto trading firm Bakkt, the Financial Times reported last week, citing two people with knowledge of the talks.

Trump Media and Technology Group, which operates Truth Social, is close to an all-stock acquisition of Bakkt, according to the FT report.

Billionaire Elon Musk, a major Trump ally, is also a proponent of cryptocurrencies.

Bitcoin’s rebound from a slide below $16,000 in late 2022 has been rapid, boosted by the approval of US-listed bitcoin exchange-traded funds in January this year.

The Securities and Exchange Commission had long attempted to block ETFs from investing in bitcoin, citing investor protection concerns, but the products have allowed more investors, including institutional investors, to gain exposure to bitcoin.

More than $4 billion has streamed into US-listed bitcoin exchange-traded funds since the election.

“We were trading basically sideways for about seven months, then immediately after November 5, US investors resumed buying hand-over-fist,” said Joe McCann, CEO and founder of Asymmetric, a Miami digital assets hedge fund.

There was a strong debut for options on BlackRock’s ETF,in November with call options – bets on the price going up – substantially more popular than puts. McCann calculated the put to call ratio at about 22 to one.

Crypto-related stocks have soared along with the bitcoin price, with shares in bitcoin miner MARA Holdings,up around 65% in November.

Yet the rise is not without critics.

Two years ago, the industry was wracked by scandal with the collapse of the FTX crypto exchange and the jailing of its founder Sam Bankman-Fried.

The cryptocurrency industry also has been criticized for its massive energy usage, while crypto crime remains a concern, too.

Market participants are keeping a close eye on what happens now that bitcoin has broken above $100,000, with investors and speculators possibly looking to pocket some of their recent gains.

“But once we flush out those sell orders, this could go higher still, and very rapidly,” said Steven McClurg, founder of Canary Capital, a digital assets investment firm.

He said he expects bitcoin’s price to hit $120,000 by Christmas.

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Judge ties Berra on Yankees’ career HRs list

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Judge ties Berra on Yankees' career HRs list

CHICAGO — When Aaron Judge returned to the dugout after his first-inning homer, New York Yankees manager Aaron Boone yelled “Yogi!” in the direction of his star slugger.

Yogi indeed.

Judge moved into a tie with Hall of Fame catcher Yogi Berra for fifth in franchise history when hitting his 358th career homer during Sunday’s 3-2 loss to the Chicago White Sox.

“Not getting [the win] kind of stings,” Judge said, “but you know, get a chance to tie one of the greatest if not the greatest Yankee in homers is, it’s pretty special. The way Yogi played the game, what he meant to these pinstripes, you knew how much it meant being a New York Yankee to him. I feel the same way.

“I’m honored to wear this jersey, so it’s pretty cool to be on that list with him.”

Judge drove an 0-2 cutter from Martin Perez deep to center for a one-out solo shot. Judge’s 43rd homer of the season had a 112.6 mph exit velocity and traveled 426 feet.

He made a bid for another homer in the third, but his drive went off the wall in center for a double. He also singled in the fifth and popped out for the final out of the seventh.

Batting with a runner aboard and one out in the ninth, he flied to center.

“Just missed the last one,” Boone said. “I thought he made the right move on the pitch. Looked like he got a hanger there that I thought he put a great swing on. He got under it a little bit and hit it straight up in the air. So those things happen.”

Judge, 33, also connected for a solo homer in New York’s 11-inning victory at Chicago on Saturday night. The two-time American League MVP and seven-time All-Star batted .241 (20-for-83) with 6 homers, 12 RBIs and a .417 on-base percentage in 24 games in August.

Next up for Judge and the Yankees is four consecutive series against playoff contenders, beginning with the opener of a three-game set at Houston on Tuesday night.

“That’s what we want,” said Judge, who signed a $360 million, nine-year contract with New York in December 2022. “It’s coming down to the wire. We want to play the best teams and especially getting down the stretch here into the postseason, this is what it’s all about.”

Hall of Famers Babe Ruth (659 homers), Mickey Mantle (536), Lou Gehrig (493) and Joe DiMaggio (361) are on top of the Yankees’ career home runs list. Judge’s drive produced the first change in the franchise’s top five since Mantle hit his 203rd career homer Aug. 7, 1957, snapping a tie with Bill Dickey.

Judge was selected by New York in the first round of the 2013 amateur draft and made his debut with the Yankees in 2016. Berra was 90 when he died in 2015.

“Didn’t get to see him too much. He was definitely around over at big league camp,” Judge said. “But he was a special individual. A lot of the veteran guys talk highly of him. It was probably some of their favorite memories, you know, coming to spring training was having a chance to talk with him during camp, just hear some of his stories.”

Judge was activated from the 10-day injured list Aug. 5 after being sidelined by a flexor strain in his right elbow. He has been serving as the team’s designated hitter, but he could return to the outfield at some point this season.

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Phillies sign veteran RHP Buehler to minors deal

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Phillies sign veteran RHP Buehler to minors deal

The Philadelphia Phillies signed veteran right-hander Walker Buehler to a minor league contract, the team announced on Sunday.

Buehler was assigned to Triple-A Lehigh Valley by Philadelphia. The Phillies plan to use Buehler, who will be eligible to pitch in the postseason, in their starting rotation, a source told ESPN’s Buster Olney.

Buehler, who got the final out in the Los Angeles Dodgers‘ World Series victory last season and was expected to be a key member of the Boston rotation this year, was released on Friday after the Red Sox concluded he couldn’t help their playoff push from the bullpen.

Buehler, 31, has struggled since signing a $21.05 million contract with Boston, going 7-7 with a 5.45 ERA. He made 22 starts before he was demoted to the bullpen last week; in his only relief appearance since earning a save in Game 5 of the Series, he allowed two runs in 2⅓ innings in a loss to the New York Yankees.

A two-time All-Star and two-time World Series champion, Buehler is 54-29 in 144 starts over eight major league seasons. He struggled last year coming off a second Tommy John surgery but pitched a perfect ninth in the Series clincher two days after pitching five shutout innings as the starter in Game 3.

The Associated Press contributed to this report.

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Red Sox, Chapman agree on $13.3M deal for ’26

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Red Sox, Chapman agree on .3M deal for '26

BOSTON — All-Star closer Aroldis Chapman and the Boston Red Sox finalized a $13.3 million, one-year contract for 2026 that includes a 2027 vesting option.

Chapman will be guaranteed $26 million over two years if he pitches at least 40 innings next season. The team announced the deal Sunday following a 5-2 victory over the Pittsburgh Pirates at Fenway Park.

Chapman, who earned his eighth All-Star selection this season, gets a $13 million salary next year. If the left-hander reaches 40 innings in 2026, he gets a $13 million salary again in 2027. If not, he would receive a $300,000 buyout unless both sides accept a mutual option, which would be unlikely.

The 37-year-old Chapman is having perhaps his best year, with a career-low 1.02 ERA during his 16th major league season and first in Boston. He converted his 27th save Sunday.

“This guy has been great for us, and not only on the field,” manager Alex Cora said before the game. “What he’s done on the field is amazing.”

After earning his 350th career save this season, the hard-throwing Chapman said his goal was to reach 400.

He extended his career-best hitless streak Sunday to 15 games, the longest in club history and tied for the third longest in the majors since 1901. Toronto’s Sergio Santos was the last to go that long, in 2013.

Chapman has 76 strikeouts in 53 innings this season. He hasn’t given up a hit to the past 44 batters he has faced.

Chapman is 59-47 with a 2.52 ERA and 362 saves for the Reds (2010-15), Yankees (2016-22), Cubs (2016), Royals (2023), Rangers (2023), Pirates (2024) and Red Sox (2025). He ranks third in strikeouts by a relief pitcher (1,322) and 13th on the career saves list.

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