Satoshi

Donald Trump

Bitcoin

Bitcoin has reached a historic milestone, <a href="https://coinmarketcap.com/currencies/bitcoin/">surpassing the $100,000 mark</a> for the first time since its inception 15 years ago. Shortly after Bitcoin hits its all-time high of $103,900.
The cryptocurrency’s market capitalization now stands at $2.04 trillion, contributing significantly to the overall crypto market, which has reached a record $3.68 trillion. This surge is driven by a combination of market dynamics, regulatory developments, and increasing corporate adoption.
<h2 id="the-journey-to-100-000">The Journey to $100,000</h2>
Since November 5, Bitcoin’s price has surged by over 50%. Year-to-date, its value has more than doubled, starting the year at around $44,000. This six-figure milestone is the latest chapter in Bitcoin’s remarkable story, which began with a 2008 white paper by the pseudonymous Satoshi Nakamoto.
Over the years, Bitcoin has evolved from a niche digital currency to a global asset. It has spurred technological innovation, including decentralized finance (DeFi) platforms and non-fungible tokens (NFTs). Despite its achievements, Bitcoin has faced criticism for its role in cybercrime and regulatory challenges.
<h2 id="catalysts-behind-the-surge">Catalysts Behind the Surge</h2>
<ol>
 <li>Bitcoin ETFs: Early 2024 saw the launch of spot Bitcoin exchange-traded funds (ETFs) by major asset managers like BlackRock and Fidelity. These ETFs quickly accumulated over <a href="https://sosovalue.com/assets/etf/us-btc-spot">$31 billion</a> in assets under management, providing a new avenue for institutional investors to access Bitcoin.</li>
 <li>Halving Effect: Bitcoin’s fourth halving in April tightened its supply, creating upward price pressure. The halving event, which reduces the number of new Bitcoins entering circulation, has historically been a catalyst for bull markets.</li>
 <li>Political and Regulatory Shifts: The victory of pro-crypto Republican Donald Trump in the U.S. presidential election brought optimism to the market. Trump’s nomination of Paul Atkins, a known crypto advocate, as SEC chair, signaled potential regulatory relief. Additionally, his pro-crypto cabinet picks have supported the market sentiment.</li>
 <li>Corporate Adoption: Companies like MicroStrategy, led by Michael Saylor, have continued to embrace Bitcoin. MicroStrategy now <a href="https://bsc.news/post/micro-strategy-acquires-additional-1-5-billion-bitcoin-expands-holdings-to-402-100">holds over 386,700 BTC</a>, valued at more than $38 billion. Other corporations, including tech giants like Microsoft, are exploring Bitcoin treasury strategies.</li>
</ol>
At $100,000, Bitcoin’s market cap rivals some of the world’s largest companies. With a valuation of $2.04 trillion, Bitcoin is just behind tech giants like Amazon and Google, each valued at $2.2 trillion. It remains a fraction of the total global gold market, which stands at $17.7 trillion, but its rapid growth showcases its potential as a store of value.

Bitcoin Hits Historic $100K, Market Cap Soars Above $2T

Table of Contents

BSCN

Other articles published on Dec 20, 2024

Shiba Inu Team Now Explains How Shibarium Helps SHIB

Bitcoin Faces Supply Shock, CryptoQuant Teases Ripple Effect

Will XRP Go Up After $220M Outflow? Bullish Trends Explained

Market Expert Now Reveals Top Investment Strategy For XRP

Binance Announces the Listing of Four New Altcoins on Futures: None Listed on Spot

Is Qubetics the Next Hidden Gem? $7.2M Raised, Cronos Fuels DeFi, and Stellar Eyes Recovery—Here’...

Join our free newsletter for daily crypto updates!