New Milestone: Bitcoin Surpasses $100,000
Bitcoin has achieved a significant milestone by surpassing the $100,000 mark for the first time, leading to a market capitalization of $2 trillion. This achievement comes after a series of new all-time highs in recent weeks, driven by market momentum following the U.S. presidential election.
Bitcoin’s Price Surge
- After the election of Donald Trump, who supported pro-cryptocurrency policies, Bitcoin’s price climbed over 30% to reach $93,400 in early November.
- Subsequent record highs were set at $93,900, $94,300, and $98,200 before briefly dipping to around $97,000.
- Despite several attempts to break the $100,000 milestone, Bitcoin experienced fluctuations before finally reaching $101,450 on Dec. 4.
Bitcoin’s Price History
Bitcoin’s journey to $100,000 has been a significant one, starting from its inception in 2009 with little to no monetary value. Here are some key milestones in Bitcoin’s price history:
2012-2013: Halving and Major Rally
- In November 2012, Bitcoin underwent its first “halving” event, leading to a significant rally that saw its price reach $1,000 by the end of 2013.
- Despite volatility, Bitcoin showed resilience and growth, stabilizing and gaining strength in subsequent years.
2017: The Turning Point
- 2017 marked a turning point for Bitcoin as its price surged from around $1,000 to nearly $20,000 by December, bringing it into the mainstream spotlight.
- However, this was followed by a bear market in 2018, known as the “crypto winter,” where Bitcoin’s price dropped to around $3,700.
2019-2020: Recovery and Pandemic Impact
- Despite the impact of the COVID-19 pandemic, Bitcoin began to recover in 2019 and ended 2020 at nearly $29,000.
- The rally continued into 2021, with new all-time highs of $64,895 in April and $69,000 in November.
2024: Breaking New Records
In 2024, Bitcoin’s breach of the $100,000 mark signifies a pivotal moment for the crypto market, reflecting increased institutional adoption and investor confidence. This milestone solidifies Bitcoin’s position in global finance and highlights its growing acceptance among investors and institutions.
Bitcoin Market Data
- At the time of press on Dec. 5, 2024, Bitcoin is ranked #1 by market cap, with a price increase of 5.75% over the past 24 hours.
- Bitcoin’s market capitalization stands at $2.01 trillion, with a 24-hour trading volume of $90.42 billion.
Crypto Market Summary
- The total crypto market is valued at $3.64 trillion with a 24-hour volume of $301.83 billion, and Bitcoin dominance is at 55.12%.
