Bitcoin reaches $100k for the first time as the bull run continues
Bitcoin December 5, 2010
Bitcoin hit a new all-time high, hitting $100,000 for the first time, continuing its bull run since early November.
On December 5, Bitcoin broke the $100,000 milestone after coming within striking distance of a psychological level above $99,000 on November 22. Bitcoin reached over $103,500 this morning around 04:05, according to data from CoinMarketCap.
At the time of going to press, Bitcoin is trading at around $101,000. Over the past 30 days, the crypto asset has increased nearly 50% in value, with a year-to-date value increase of 140%.
Despite the underlying reasons behind Bitcoin's rise in price, Donald Trump's presidential victory last month gave the asset a big boost. Trump's announcement that pro-crypto Paul Atkins is the next chairman of the US Securities and Exchange Commission didn't hurt Bitcoin either.
Trump has nominated Scott Bessant and Howard Lutnick to act as US Treasury and Trade Secretary.
“It's about to be a $100,000 party,” said Michael Saylor, CEO of MicroStrategy, when they took him to X.
Earlier this week, Saylor urged Microsoft to use bitcoin, saying it represents “digital capital.”
