According to TradingView, the bitcoin price reached the $100,000 mark on December 5, breaking the psychological level just weeks after reaching $90000 on November 12.
net inflows into U. S. -listed #bitcoin investment trusts totaled more than $31 billion this year, after the bitcoin price halved for the fourth time in April.
Republican Donald Trump's victory in the U. S. presidential election, growing speculation about the creation of a strategic national bitcoin reserve and the growing adoption of bitcoin by companies led by micro-strategist Michael Saylor have also contributed to the bitcoin price rise.
In addition, Trump's recent appointment of #cryptocurrency advocate Paul Atkins to replace Gary Gensler as chairman of the Securities and Exchange Commission could remove many of the regulatory hurdles that hindered the industry's growth under the Biden administration.
Trump also nominated hedge fund manager Scott Bessent for Treasury Secretary and Cantor Fitzgerald CEO Howard Lutnick for Commerce Secretary, forming perhaps the most cryptocurrency-friendly cabinet in history. Since January 1, when bitcoin was around $44,000, its value has risen 126%.
It reached $100,000, and bitcoin's market capitalization surpassed $2 trillion for the first time in history, reaching a new high.
Bitcoin's 2024 rise is not the fastest in history: in 2017, its price soared 1,900% from $1,000 in January to $ 20,000 in December.
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