Bitcoin, the world’s leading crypto asset, has finally broken through the $100,000 mark after more than a decade in the making. The rally that brought Bitcoin to this level began on November 4, when it was trading at $66,803. The following day, Americans elected pro-Bitcoin candidate Donald Trump as president, fueling the market’s momentum.
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With Trump’s victory, the Bitcoin market was quick to respond, hitting an intraday peak of $76,522 on November 6 and maintaining its upward trajectory, eventually breaking through the $100k mark. This gain represents a whopping 49.25% increase from its monthly low.
Considering that Bitcoin was trading at just $0.04865 on July 14, 2010, the leading crypto asset has gained 205,549,745% in 14 years, making it one of the most profitable investments in recent decades.
Now valued at over $100,000, it has an unprecedented market cap of $2 trillion. This solidifies Bitcoin's position as the seventh most valuable asset in the world, behind Google, Amazon, and Microsoft. At this valuation, Bitcoin is worth more than Saudi Aramco, silver, and Facebook.#2024withBinance