2024

bullish

Bitcoin

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Bitcoin hit a new all-time high of $100,000 for the first time in history after the price increase of 5% on the day of trading. 
Bitcoin (<a rel="" href="https://crypto.news/price/bitcoin/">BTC</a>), the world’s largest cryptocurrency by market capitalization, just hit a targeted price of $100,000 as a new all-time high. This milestone has significantly raised market confidence after the coin stumbled in a few weeks. The market cap also surged to $2 trillion, or an increase of 5.74% at the time of writing. 
According to CoinMarketCap&nbsp;<a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="nofollow">data</a>&nbsp;on Dec. 05, the price kept surging and reached $103,700, with volume trading rising 33% to $91 billion. The major market sentiment is also bullish, at up to 80%. 
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 <img loading="lazy" decoding="async" width="1024" height="624" src="https://crypto.news/app/uploads/2024/12/BTCUSDT_2024-12-05_10-10-56-1024x624.png" alt="Bitcoin breaks $100k amid historical bull run - 11" class="wp-image-14316372">
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 1 Hour BTC price chart, December 05, 2024 | Source: <a rel="" href="https://crypto.news/price/bitcoin/">crypto.news</a>
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</figure> 
The price movement has been supported by <a rel="" href="https://crypto.news/president-trump-confirms-paul-atkins-as-top-pick-for-sec-chair/">Trump’s nomination</a> for Paul Atkins as Chairman of the Securities and Exchange Commission (SEC), bringing a positive sentiment to the market. Ripple’s Brad Garlinghouse and Congressman Tom Emmer even support these nominations due to his stance as pro-crypto 
Fed Chairman Jerome Powell’s <a rel="" href="https://crypto.news/powell-says-bitcoin-is-competitor-for-gold-not-dollar/">acknowledgement</a> of Bitcoin as a rival to gold also gives a perspective that this digital asset was commonly known as a safe-have instrument asset class. 
 Read more: <a rel="" href="https://crypto.news/bitcoin-rebound-and-head-to-100000-target-price-again/"> Bitcoin rebound and head to $100,000 target price again </a> 
<h2 class="wp-block-heading" id="bitcoin-price-targets-are-more-to-come">Bitcoin price targets are more to come</h2> 
Beyond the $100,000 target price that has already been unlocked, institutions and crypto personalities still believe that Bitcoin will grow in the future. A new target ranging from $150,000 to $500,000 in the next few years. 
Bernstein Research has an ambitious bullish target price for 2025 of $200,000. This projection has been updated from $150,000 due to the rise in institutional demand in many places. 
Founder of Cardano Charles Hoskinson <a rel="" href="https://crypto.news/bitcoin-projected-to-200k-by-2025-bernstein-research/">projects</a> that Bitcoin price would rise up to $250,000 in just 2 years. He believes that the target price is the lowest target to achieve, yet the highest target is $500,000. 
 Read more: <a rel="" href="https://crypto.news/cardanos-hoskinson-believe-bitcoin-will-surpass-250000/"> Cardano’s Hoskinson believe Bitcoin will surpass $250,000 </a>

Bitcoin breaks $100k amid historical bull run

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