Bitcoin (BTC) has reached a historic milestone, surpassing $100K for the first time, with its price currently at $101,958.25, marking a 5.46% increase in the past 24 hours.
Bitcoin Rockets Passed $100K, Hits New Milestone
Bitcoin has rocketed past the critical $100,000 mark, achieving a major psychological milestone for traders and investors alike.
The cryptocurrency has soared over 47% in the last month and more than 67% since early October when it was valued around $60,000.
This impressive rally began well before the election, driven by increasing demand for digital assets as inflation hedges and long-term investments.
Trump's victory further boosted market sentiment, with analysts expecting clearer regulations under his administration.
Institutional interest continues to be a key factor, with MicroStrategy, the largest corporate holder of Bitcoin, purchasing an additional 15,400 BTC for $1.5 billion in November.
CEO David P. Luci called it a strategic bet on Bitcoin's store-of-value qualitative $BTC