On December 4, 2024, Bitcoin surpassed $100,000 for the first time.
The surge is thought to be linked to Trump’s appointment of Paul Aitkins as the new Securities and Exchange Commission (SEC) chair.
The leading cryptocurrency is currently up more than 4% at $103,544.00, as reported by Coin Metrics. Earlier, it peaked at $103,844.05. Bitcoin has risen over 140% in 2024 and 48% since the US elections.
This milestone marks Bitcoin’s increasing acceptance within the financial mainstream, over 16 years after it was created.
President-elect Donald Trump’s pro-cryptocurrency agenda gives hope to crypto investors by promoting policies that may reduce regulatory barriers and encourage institutional adoption.
Growth of Bitcoin over the years
Source: CNBC
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