Bitcoin price has soared past the $100,000 mark for the first time, setting a new all-time high.
The surge in the world’s largest cryptocurrency has been fueled by speculation that U.S. President-elect Donald Trump may implement crypto-friendly policies.
The milestone came shortly after Trump announced his intention to nominate former SEC commissioner Paul Atkins to lead the Wall Street regulator. Atkins is widely regarded as more pro-cryptocurrency compared to the current SEC chair, Gary Gensler.
The $100,000 milestone sparked celebrations among cryptocurrency enthusiasts worldwide.
Bitcoin’s volatile value has always drawn attention, with supporters cheering its breakthroughs and standing firm during downturns. However, this landmark has been particularly anticipated. For weeks, social media buzzed with charts, memes, and predictions about when Bitcoin would reach what many consider a holy grail in the crypto world.
Millions tuned into live watch parties as the price edged closer to $100K.
The value of a single Bitcoin serves as a key indicator of optimism within the cryptocurrency sector, now valued at $3.3 trillion according to analysis firm Coin Market Cap.
The latest surge was fueled by President-elect Donald Trump’s election victory last month. Trump, who once dismissed Bitcoin as a “scam,” has pledged to make the U.S. “the crypto capital of the planet,” marking a dramatic shift in his stance.
Bitcoin’s meteoric rise has been extraordinary. Reaching $100K reflects a 40% jump since U.S. election day and more than double its value at the beginning of the year.
Bitcoin’s story goes far beyond its dramatic price fluctuations.
From its mysterious creator to the downfall of the so-called Crypto King, Bitcoin’s history is filled with twists and turns, marked by the creation and loss of immense fortunes.
