BTC
by BSCN
December 5, 2024
This surge is driven by multiple factors, including the launch of Bitcoin ETFs, the impact of Bitcoin's halving in April, and the pro-crypto political environment.
Bitcoin has reached a historic milestone, surpassing the $100,000 mark 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.
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.
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.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
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