
Bitcoin Hits $100000 Mark: The price of Bitcoin has crossed 1 lakh dollars for the first time. Bitcoin remains bullish ahead of Donald Trump assuming the throne of America in January 2025. Crypto traders hope that the Trump administration can bring a cryptocurrency friendly policy, due to which Bitcoin has seen a record rise.
Bitcoin crosses 1 lakh dollars for the first time
On Thursday, December 5, 2024, Bitcoin is trading at $102,727. Bitcoin has continued to rise since the results of the US presidential election were announced on November 5, 2024. During the election campaign, Trump had promised to make America the Bitcoin and cryptocurrency capital of the world. Bitcoin has also gained momentum due to the possibility of Paul Atkins being made the head of SEC. Since 2017, Atkins has co-chaired the Digital Chamber of Commerce, an organization promoting the use of digital assets. Paul Atkins may replace Gary Gensler who is seen as an opponent of cryptocurrency.
There was a jump of 134 percent in 2024
In the year 2024, the price of Bitcoin has increased by 134 percent. Whereas since Trump’s victory in the presidential election on November 5, Bitcoin has increased by 50 percent.