For the first time in history, Bitcoin has surpassed the symbolic $100,000 mark, marking a significant milestone for the cryptocurrency market. This record comes after a year of strong growth, during which Bitcoin's price rose by 126% since January.
Milestone Reached on December 5th
According to TradingView, Bitcoin reached $100,000 on December 5th, just weeks after crossing the $90,000 threshold on November 12th. The cryptocurrency hit a new all-time high of $104,000 at 3:08 UTC, just 90 minutes after breaking the $100,000 barrier.
Key Drivers Behind the Surge
Bitcoin's growth has been fueled by several major factors:
Demand for Bitcoin ETFs in the United States, which brought a net inflow of over $31 billion into the market.
The April halving, which reduced mining rewards and tightened supply.
Donald Trump’s victory in the U.S. presidential elections, sparking speculation about building a strategic Bitcoin reserve and accelerating corporate adoption.
Cryptocurrencies in Politics and Economics
Newly elected President Donald Trump appointed Paul Atkins, a known crypto advocate, to head the Securities and Exchange Commission (SEC). This move could lead to easing regulatory hurdles that limited the cryptocurrency industry under the Biden administration.
Trump also selected Scott Bessent as Treasury Secretary and Howard Lutnick to head the Commerce Department, signaling plans to form what could be the most crypto-friendly government in history.
Bitcoin's Value Soars by 126%
Since the beginning of the year, Bitcoin has experienced a dramatic increase of 126%, with its price rising from $44,000 to the current $100,000. As a result, its market capitalization has reached a record-breaking $2 trillion.
Comparing Bitcoin's Current Rally to Previous Bull Runs
While this year’s growth of 126% is impressive, Bitcoin’s largest bull run occurred in 2017, when its price skyrocketed by 1,900%, climbing from $1,000 to $20,000. Another major surge followed during the COVID-19 pandemic, with Bitcoin’s price rising by 1,250%, from $5,100 to $69,000 in November 2021.
Bitcoin continues to prove its potential, and as the cryptocurrency landscape evolves, this historic milestone underscores its significance in global financial markets.
#BTC☀ , #Bitcoin❗ , #CryptoNewss #Cryptocurrencies , #CryptoNewsCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
