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Historical record: Bitcoin reached $103,000


December, 05 2024
watermark Economic news

On Thursday, bitcoin broke the $103,000 mark, which became a new historical record. Over the past month, the largest cryptocurrency has approached the psychological level of $100 thousand several times, but each time it rolled back before it finally reached the goal. 


The current BTC quote is $102,979. The main driver of growth is optimism in the digital industry, driven by expectations that the new US President Donald Trump will ease regulation and create a more favorable environment for digital assets. Trump's nomination of Paul Atkins, a supporter of the crypto industry, to head the U.S. Securities and Exchange Commission (SEC) has also strengthened these hopes. 


Reaching the $100,000 mark increases the market value of bitcoin by more than $2 trillion, making it one of the largest investment assets, second only to companies such as Nvidia and Apple.


Many experts predicted that bitcoin would reach $100,000 sooner or later. Since the beginning of 2023, the cryptocurrency has already grown by 135%. At the same time, the asset also showed significant fluctuations, including a 64% drop in 2022 and an increase of 1,375% in 2017.


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