A New Era for Crypto? Bitcoin (BTC) Hits $100k For First Time, What’s Next?
The post A New Era for Crypto? Bitcoin (BTC) Hits $100k For First Time, What’s Next? appeared on BitcoinEthereumNews.com.
TLDR: Bitcoin reached $100,000 and hit a new all-time high of $104,000 on December 5, 2024 The price surge represents a 126% increase since January 2024, when Bitcoin traded at $44,000 Trump’s election victory and nomination of crypto-friendly Paul Atkins as SEC chair significantly influenced the rally US spot Bitcoin ETFs saw over $31 billion in net inflows throughout the year Discussion of a potential White House “crypto czar” role and national Bitcoin stockpile further boosted market confidence In a historic moment for the cryptocurrency market, Bitcoin surpassed $100,000 for the first time on December 5, 2024, reaching a new all-time high of $104,000. The milestone comes after months of steady growth and marks a 126% increase from January’s starting price of $44,000. ⇣ 94,988.45 5 Dec ⇡ 103,255.67 The breakthrough occurred at approximately 3:08 AM UTC, just weeks after Bitcoin had crossed the $90,000 threshold on November 12. The digital currency’s market capitalization has now reached $2 trillion, another first in its 15-year history. Eric Demuth, co-founder and CEO of Bitpanda, commented: “With the election of Trump as the 47th President of the United States, certainty now prevails. The final element of uncertainty has been removed, and the world’s largest financial market is on the verge of embracing liberal, crypto-friendly regulation for our industry.” “With Paul Atkins as the new SEC chair, a proven supporter of crypto, and the current Chair of the Federal Reserve Powell labelling Bitcoin as digital gold, we are witnessing a breakthrough in the best sense of the word. The positive developments of recent years – such as increasing retail adoption, crypto market regulation in Europe, central bank interest rate cuts, and the integration of crypto into traditional financial systems and bank portfolios – are now coming into full effect.” “This Wednesday alone, we witnessed…
Filed under: News - @ December 5, 2024 9:23 am