Bitcoin has reached a significant milestone, surpassing $100,000 and a market capitalization of $2 trillion. This surge is driven by investor optimism, particularly around President-elect Donald Trump’s pro-crypto stance and the anticipated leadership of Paul Atkins as the U.S. Securities and Exchange Commission (SEC) Chairman, expected to promote crypto deregulation.
As of December 5, Bitcoin’s market cap rose 6.2% in 24 hours, reaching $2.03 trillion. It now exceeds the GDPs of countries like Mexico, Australia, and Spain, and is just shy of the GDPs of Russia, Brazil, and Canada. Bitcoin’s market cap has also surpassed major companies, including Saudi Aramco, Facebook, and Tesla, making it the 7th largest asset globally.
The global cryptocurrency market cap now stands at $3.69 trillion, with Bitcoin leading, followed by Ethereum and other major tokens.
