Crypto
2024-12-05
The price of Bitcoin has surpassed the $100,000 mark for the first time, reaching a new record high and marking another milestone in the cryptocurrency world.
The value of the world's most well-known cryptocurrency has increased, fueled by rising expectations that US President-elect Donald Trump will implement policies that support cryptocurrencies.
Bitcoin hit an all-time high just hours after Trump said he would nominate cryptocurrency advocate Paul Atkins, a former Securities and Exchange Commission (SEC) Commissioner, to lead the SEC. Billionaire Elon Musk, a major Trump ally, is also a proponent of cryptocurrencies.
Atkins is far more cryptocurrency-friendly than current SEC chief Gary Gensler. Crossing the 100,000 mark sparked celebration from cryptocurrency enthusiasts around the world.
Bitcoin's wildly fluctuating value has always attracted the interest of investors, with its backers reacting with delight when it crosses previous price thresholds and with defiance during its dips.
But the $100,000 mark was especially eagerly awaited. For weeks, social media has been abuzz with charts, memes, and predictions about when the price will reach the number considered one of the holy grails of the crypto world.
More than 16 years after its creation, bitcoin appears on the cusp of mainstream acceptance despite sceptics and a history of controversy.
"Bitcoin crossing $100,000 is more than a milestone; it's evidence of a tectonic shift in finance, technology and geopolitics," - Justin D'Anethan, an independent cryptoanalyst in Hong Kong.
The value of one bitcoin is a key measure of optimism within the cryptocurrency industry, which is currently valued at $3.3 trillion, according to the analyst firm Coinmarketcap. The recent surge in prices was primarily triggered by Trump's election victory last month.
The president-elect has promised to make the US the "crypto capital of the planet!"
The $100k valuation represents a 40% increase on US election day and more than double the price at which Bitcoin started the year.
Wanna Stay on top of the Game? Join our free Newsletter
Wanna Stay on top of the Game? Join our free Newsletter
More Articles
Crypto
2025-01-28
Buy crypto with fiat instantly using tether.bet's OnRamp feature. Deposit EUR or USD via credit or debit cards and start enjoying the world’s largest stablecoin sportsbook and casino in 60 seconds.
Sports
2024-12-06
These are the most common sports betting mistakes. Learn how to avoid them in our expert guide to improve your betting skills.
Crypto
2024-12-05
Bitcoin has reached a record high of $100,000, marking a historic milestone in cryptocurrency, fueled by optimism over pro-crypto policies from President-elect Trump.
Wanna Stay on top of the Game? Join our free Newsletter
Info
Help
Responsable Gambling
© 2024 tether.bet | All rights reserved.