Bitcoin Shatters Expectations after Soaring Past $100k Milestone

Bitcoin reaches a monumental $100K milestone, fueled by surging ETF demand, April’s halving, and growing optimism following Donald Trump’s pro-crypto U.S. presidential victory.

Bitcoin has shattered expectations, crossing $100,000 for the first time ever. On Dec. 5, the cryptocurrency reached a staggering $104,000, a new all-time high. This historic milestone caps off a year of immense growth for Bitcoin, which has soared 126% since January, when it was valued at $44,000.

ETFs and Halving Fuel Bitcoin’s Rise

One of the main drivers of this rally has been the massive $31 billion inflow into U.S. Bitcoin exchange-traded funds. Coupled with April’s halving event—where Bitcoin’s mining rewards were cut in half, reducing new supply—the cryptocurrency’s value has skyrocketed. As demand rose, supply tightened, creating the perfect storm for Bitcoin’s price.

Trump’s Victory Boosts Crypto Sentiment

Donald Trump’s return to the White House has added fuel to Bitcoin’s climb. His pro-crypto stance, marked by nominating advocate Paul Atkins to lead the SEC, promises to ease regulatory roadblocks. Trump’s picks for Treasury and Commerce—Scott Bessent and Howard Lutnik—further signal a crypto-friendly administration. Speculation around a potential Bitcoin national reserve has also stirred excitement.

Bitcoin Reaches a $2 Trillion Market Cap

Bitcoin’s market cap has now reached $2 trillion, another first. While this year’s rally is remarkable, it pales compared to its meteoric 1,900% rise in 2017. Still, breaking the $100K barrier cements Bitcoin’s status as a major financial player.

At the time of writing, Bitcoin is sitting at $102,444.82.