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    You are at:HomeยปCryptocurrencyยป๐Ÿช™ Bitcoin just crossed $100,000 ๐Ÿš€๐Ÿš€
    Bitcoin just crossed $100,000 CRYPTOCURRENCY

    ๐Ÿช™ Bitcoin just crossed $100,000 ๐Ÿš€๐Ÿš€

    0
    By Staff Writer on December 5, 2024 Cryptocurrency

    It has finally happened! Bitcoin price has finally crossed the $100,000 since it launched more than 10 years ago. As of this writing, it is $102,800; however it has reached an all time-high of $103,600.

    Bitcoin surged in value after Donald Trumpโ€™s victory in the 2024 US Presidential Election. On Election Day, Bitcoin was priced at approximately $69,000 but jumped to $75,000 once Trumpโ€™s win was announced, according to CoinDesk. The cryptocurrency has continued to climb as investors anticipate a more favorable climate for crypto under the Trump administration.

    Bitcoinโ€™s breakthrough past the $100k milestone came shortly after Donald Trump announced key nominations for his administration, including former Republican SEC Commissioner Paul Atkins as his pick to lead the agency. Atkins, who co-chaired the Chamber of Digital Commerceโ€™s Token Alliance, was praised by Trump for understanding that โ€œdigital assets and other innovations are vital to Making America Greater than Ever Before.โ€

    Additional factors also fueled Bitcoinโ€™s surge, such as the launch of options trading on BlackRockโ€™s Bitcoin exchange-traded fund, which saw an impressive $1.9 billion in trading volume on its first day.

    Donald Trump, once a vocal critic of digital currencies, emerged as a strong advocate, vowing to transform the United States into โ€œthe crypto capital of the world.โ€ He pledged to create a strategic Bitcoin reserve, signaling a commitment to integrating cryptocurrency into the countryโ€™s financial system. His campaign embraced cryptocurrency donations, and he strengthened ties with the crypto community by attending a major Bitcoin conference earlier this year. Moreover, Trump has launched a new family venture, World Liberty Financial, dedicated to trading digital assets.

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