Bitcoin Reaches New Heights Tops $100,000

Crypto, Bitcoin

Published 1 month ago

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Bitcoin Reaches New Heights Tops $100,000

Crypto, Bitcoin,

Published 1 month ago

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Crypto Revolution: Bitcoin Exceeds $100,000

Bitcoin has reached an unprecedented milestone, surpassing $100,000 for the first time, fueled by Donald Trump’s victory in the U.S. presidential elections. According to CoinGecko, Bitcoin traded at $100,048 around 9:37 PM (New York time) and later climbed past $101,000. Binance highlighted this historic achievement on social media, calling it a "six-figure victory for the crypto community."

Trump’s campaign promises at the Bitcoin 2024 conference in Tennessee, including making the U.S. the "global capital of crypto and Bitcoin," have bolstered optimism in the market. Analysts note that the cryptocurrency’s value has surged since the beginning of 2024, driven by high demand for Bitcoin exchange-traded funds (ETFs). Kaiko reports that Bitcoin ETFs recorded $6 billion in trading volume during election week alone, marking a pivotal moment for crypto investment.

Binance CEO Ricard Teng described Trump’s return to the White House as the start of a "golden century" for the crypto sector. Meanwhile, regulatory advancements in the U.S., including the approval of spot Bitcoin ETFs earlier this year, have provided additional momentum for Bitcoin’s record-breaking ascent.

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