#BTCReclaims101K The growth of the price of bitcoin over the past month is staggering. The cost of digital gold is already $ 100 thousand.

However, such an upward movement of bitcoin is due not only to Donald Trump's victory in the US presidential election and his plan to create a strategic reserve of 1 million bitcoins. According to analysts, there are several other key factors that affect the cryptocurrency market:

The effect of the 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 decrease 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 also contributed to the growth of demand for cryptocurrency. Only during November 12, the total volume of new investments in these funds amounted to $ 817.54 million. Also, since the beginning of September, BTC has outperformed the S&P 500.

More than 94% of all Bitcoins that can be mined are already in circulation or lost forever. This means that there are only about 1.2 million Bitcoins left that can still be mined. $BTC