Bitcoin Hits $100,000 All-Time High
Key Points:
- Bitcoin reached the milestone on December 5
- Over the past 30 days, Bitcoin has increased in value by nearly 50% and 140% in YTD value
- President-elect Donald Trump named Paul Atkins as the next US SEC chair
Bitcoin has achieved a historic milestone by reaching $100,000 for the first time, marking a significant increase in value since the beginning of November.
On December 5, Bitcoin surpassed the $100,000 mark after coming close to it on November 22, when it reached over $99,000. Data from CoinMarketCap indicates that Bitcoin exceeded $103,500 around 04:05 this morning.
Currently, Bitcoin is trading at approximately $101,000. In the last 30 days, the cryptocurrency has surged by almost 50% in value, with a year-to-date increase of 140%.
Factors Contributing to Bitcoin’s Rise:
While various factors have influenced the rise in Bitcoin’s price, Donald Trump’s recent presidential win has provided significant momentum. Additionally, the appointment of pro-crypto Paul Atkins as the next chair of the US Securities and Exchange Commission has further boosted Bitcoin’s value.
Trump has also selected Scott Bessent and Howard Lutnick to lead the US Treasury and Commerce departments, respectively.
Michael Saylor, CEO of MicroStrategy, expressed his excitement about the milestone, stating, “there’s going to be a $100k party.” Saylor has also urged Microsoft to adopt Bitcoin, emphasizing its significance as “digital capital.”
