This marks a significant breakthrough for the world’s most popular cryptocurrency, driven by multiple market factors and increased institutional interest.
The cryptocurrency hit US$102,840 on December 5, following substantial net inflows of US$31 billion into US spot Bitcoin exchange-traded funds this year. The price surge comes after Bitcoin’s fourth halving in April and continued tightening of market supply.
Donald Trump’s US presidential election victory and anticipated crypto-friendly policies have energized market sentiment. Trump’s potential cabinet selections—including crypto advocate Paul Atkins for Securities and Exchange Commission (SEC) chair—signal a possible regulatory reset that could accelerate cryptocurrency adoption.
Bitcoin has experienced a remarkable 126% value increase since January, when it traded around US$44,000. The milestone propelled its market capitalization to US$2 trillion—another historic first for the digital asset.
While impressive, this rally differs from previous explosive growth periods like 2017’s 1,900% increase or the 1,250% surge during the COVID-19 pandemic. Corporate adoption—particularly through MicroStrategy’s aggressive strategy—has played a crucial role in driving institutional confidence.
Bitcoin’s breakthrough represents a potential paradigm shift in digital asset valuation and mainstream financial recognition
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