Bitcoin crosses $100,000 threshold $BTC
Bitcoin has crossed the $100,000 barrier for the first time in its history, with its current price reaching $102,437, an increase of $6,037 (0.06262%) from the previous close. The currency recorded an intraday high of $103,656 and a low of $94,689.
This record rise reflects the maturity of the cryptocurrency market, supported by expectations that the new US administration led by Donald Trump will provide a favorable environment to enhance the status of cryptocurrencies in the financial markets. During his election campaign, Trump promised to make the United States the "cryptocurrency capital of the world" and support a national storage of Bitcoin. Bitcoin has more than doubled in value this year, and by about 45% in the four weeks since Trump's victory, reflecting investors' confidence in the policies of his upcoming administration.
Additionally, Bitcoin ETFs saw significant inflows, with daily inflows exceeding $1 billion during Thursday’s trading session, reflecting strong demand for the currency in the spot market.
This milestone reinforces Bitcoin’s position as a leading digital asset, and reflects growing institutional interest and potential support from government policies, which could propel it to further gains in the future.
