Bitcoin has reached a historic milestone, surpassing $100,000 for the first time since its 2009 launch. The cryptocurrency's market capitalization surged to $3.81 trillion, fueled by optimism over crypto-friendly policies under Donald Trump's leadership. Experts project Bitcoin could hit $250,000 within two years, cementing its dominance in the digital asset space.
Bitcoin, the most prominent cryptocurrency globally, has achieved a historic milestone, surpassing the $100,000 mark for the first time since its launch in 2009. Early Thursday morning, it peaked at $103,587, following a close of $98,318.24 the previous day, as reported by CoinMarketCap.
By 9:14 AM (GMT+1), Bitcoin’s price settled at $102,635.02, driving the cryptocurrency market's capitalization to $3.81 trillion—an impressive $477 billion jump in 24 hours. Bitcoin dominates the market with a 52.8% share, while Ethereum, valued at $3,860, holds 12.1%.
The rally began on November 5, coinciding with Donald Trump’s victory in the U.S. presidential election. The market responded positively to Trump’s indications of support for the crypto sector, including his nomination of Paul Atkins as the potential chair of the Securities and Exchange Commission (SEC). Atkins, a noted advocate for crypto-friendly policies, co-leads the Token Alliance, a group that pushes for supportive digital asset regulations.
This optimism has further fueled investor confidence. Charles Hoskinson, the founder of Cardano, predicts Bitcoin could rise to $250,000 within two years, with some projections going as high as $500,000.
Bitcoin’s breakthrough reflects its growing role in global financial markets and its resilience in the face of economic challenges. Analysts anticipate this landmark will solidify its position as a leading asset for institutional and individual investors alike.
