Breaking: Bitcoin Surpasses $100,000 Milestone
In one of the biggest milestones in the history of cryptocurrency, the price of Bitcoin, the first decentralized digital asset, has exceeded $100,000. Growing optimism surrounding cryptocurrency regulation, institutional adoption, and continued ETF inflows have fueled this long-awaited bull run.
With the bull market cycle in full swing, the industry was ecstatic about the news.
BTC finally hits $100,000
Bitcoin crossing the $100,000 mark has been the most anticipated milestone for the entire crypto community. For most traders and investors, it is always a matter of when, not if. The asset has always enjoyed A major bull run since Donald Trump won the electionfinally reached this peak.
At the beginning of this year, Bitcoin was trading at only around $42,000. The asset finally topped its 2021 peak in March SEC approves Bitcoin ETF in the US market. Bitcoin finally reaches new heights All-time high of $75,000 before electionbut this bullish development fueled growth.
As of this writing, it is trading near its all-time high of $103,117.
Since early November, it’s become increasingly clear that the $100,000 mark is closer than ever. In addition to regulatory optimism surrounding Trump’s re-election, several other factors have boosted investor confidence.
MicroStrategy completed two additional BTC purchases It was worth over $6.6 billion in November alone, further extending its lead as the largest Bitcoin holder. leading miner Marathon Digital also announced plans Buy more Bitcoins and grow your investment portfolio.
at the same time, Whales and long-term holders drive Bitcoin’s continued momentum in the last paragraph. A look at cryptocurrencies fear and greed index Indicating that the vast majority of users expect to gain further benefits from this.
Overall, 2024 is the most successful year for BTC. Since SEC approval in January, financial institutions have begun investing Bitcoin ETF Growing at a record pace, demand exceeds that of any other ETF in U.S. history. ETFs now Collectively hold 5% of total supply.
As this chaotic year comes to a close, the year Bitcoin topped $100,000 will always be remembered.
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