Bitcoin, the world’s largest cryptocurrency, has reached an unprecedented milestone, crossing the $100,000 mark for the first time on December 5, 2024. It peaked at $104,000, marking a remarkable 126% increase since the beginning of the year【10】【11】.
Factors Driving the Surge:
1. U.S. Presidential Influence: Speculation has surged following Donald Trump’s election victory. Market sentiment suggests Trump may adopt Bitcoin into the U.S. national reserves and implement policies favorable to cryptocurrency【10】.
2. Regulatory Optimism: Trump’s appointment of Paul Atkins, a pro-crypto advocate, as the incoming SEC Chair has renewed hopes for clearer regulations and reduced barriers to adoption【10】【11】.
3. Institutional Investment: Recent weeks have seen significant inflows of institutional capital, including $31 billion into Bitcoin ETFs, further pushing its price upwards【10】.
