Bitcoin ($BTC) has surpassed the $100,000 mark for the first time in its history, reaching a new all-time high of $104,000. This milestone follows a 126% rally since January 2024, driven by factors such as strong demand for Bitcoin exchange-traded funds (ETFs), the halving event in April, and regulatory optimism stemming from recent political shifts in the U.S. administration. These developments have boosted confidence among both retail and institutional investors.
Market analysts highlight that while the $100,000 milestone is significant, there is cautious optimism about further price movements. Historical patterns suggest potential corrections after such major rallies, but long-term bullish projections, including targets of $150,000 to $200,000, remain plausible based on current momentum and adoption trends.
