Bitcoin reached a historic milestone on December 5, surpassing $100,000. The rally was fueled by $31 billion in net inflows from US spot Bitcoin exchange-traded funds and the fourth halving in April.

Donald Trump’s victory in the US presidential election has boosted Bitcoin’s momentum. Trump’s pro-crypto cabinet could lift regulatory hurdles in the sector.

Bitcoin is up 126% in 2024, with a market cap of $2 trillion.