#BTCReclaims101K

Bitcoin's price growth over the past month has been staggering. The cost of digital gold is already $100,000.

However, this upward movement of Bitcoin is due not only to the victory of Donald Trump in the US presidential elections and his plan to create a strategic reserve of 1 million Bitcoins. According to analysts, there are several other key factors influencing the cryptocurrency market:

Effect of halving. The last one took place in April 2024, which halved the reward for mining a new block from 6.25 to 3.125 bitcoins. This led to a reduction in the growth rate of the cryptocurrency supply and, as a result, an increase in the price.

The appearance of the first bitcoin ETFs in the US as well