Incoming President Donald Trump celebrated Bitcoin's historic price surge as the cryptocurrency hit six figures, sparking optimism among investors.
Bitcoin (BTC) hit an all-time high of $100,000 on Dec. 4, marking a historic milestone for the world’s largest cryptocurrency.
Former President Donald Trump took to Truth Social to commemorate the event, posting: "CONGRATULATIONS TO THE BITCOINERS! $100,000!!! YOU'RE WELCOME!!! Together, we will make America great again!"
The price jump represents an approximate 7% increase in value, raising Bitcoin's market capitalization to $2 trillion. According to Asset Market Cap, Bitcoin is now the eighth most valuable asset and is more valuable than Canadian, Taiwanese, and Australian dollars.
Optimism surrounding a favorable regulatory climate under the incoming administration has boosted investor confidence.
The trading volume of Bitcoin increased by 33% to $91 billion, with sentiment indicators showing an 80% bullish outlook.
