Bitcoin Reaches $100,000 And Seven Other Incredible Milestones

For the first time, the price of Bitcoin has reached $100,000 and reached a new all-time high.

Hopes that US President-elect Donald Trump will enact crypto-friendly laws have increased the value of the largest cryptocurrency in the world.

Hours after Trump announced that he would appoint former Securities and Exchange Commission (SEC) commissioner Paul Atkins to lead the Wall Street watchdog, the milestone was accomplished.

In comparison to Gary Gensler, the current head of the SEC, Mr. Atkins is perceived as being far more pro-cryptocurrency.

The milestone of $100,000 sparked celebrations among cryptocurrency enthusiasts worldwide.

Interest has always been piqued by Bitcoin’s extremely volatile value, with supporters responding with joy when it surpasses prior price benchmarks and with defiance when it falls.

However, this specific milestone has been eagerly awaited. Regarding when the price will reach the number regarded as one of the holy grails of the cryptocurrency sector, charts, memes, and forecasts have been circulating on social media for weeks.

At a cost of nearly $100,000, millions of spectators even attended online watch parties.

One indicator of optimism in the cryptocurrency market, which is currently valued at an estimated $3.3 trillion, is the price of a single bitcoin, according to analysis firm Coin Market Cap.

Last month, Trump’s presidential victory served as the impetus for the latest time.

The president-elect has promised to convert the US into “the crypto capital of the planet”—a dramatic change considering that in 2021 he used to term Bitcoin a “scam.”

The rapid rise in the price of Bitcoin is also noteworthy. A $100k valuation is more than double the price it began the year at and indicates a 40% increase on election day in the United States.

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