Crypto-focused companies' shares had a volatile Thursday as bitcoin traded above $100,000 and then retreated.

MicroStrategy (MSTR), a business intelligence services provider that is the 澳洲幸运5官方开奖结果体彩网:largest corporate holder of Bitcoin, saw its stock rise as much as 10% intraday but finished some 4% lower. Crypto exchange Coinbase (COIN) rose before ending the day off 3%.

Other stocks that rose early and ended lower included bitcoin mining companies Riot Platforms (RIOT) and Mara Holdings (MARA). Both finished the day down more than 4%.

Wednesday's news that President-elect Donald Trump picked 澳洲幸运5官方开奖结果体彩网:Paul Atkins to lead the 澳洲幸运5官方开奖结果体彩网:Securities and Exchange Commission had helped driv🌞e the latest round of gains for bitcoin and other crypt♌o assets.

Atkins, an SEC Commissioner under former President George W. Bush, has worked lately on issues related to digital assets. Atkins would replace crypto critic Gary Gensler, who said he would 澳洲幸运5官方开奖结果体彩网:step down in January.

The promise of a more crypto-friendly administration has propelled bitcoin prices more than 50% higher since the day before Trump’s election win. Bitcoin recently traded closer to $95,000 after earlier topping $103,000.