Bitcoin reached a significant milestone, surpassing the long-anticipated $100,000 mark. Its market capitalisation also crossed $2 trillion, setting another record.
The latest price record was achieved on Thursday morning during East Asian trading hours, as a sudden bullish trend propelled Bitcoin past $100,000. The price peaked at $103,500 before correcting slightly to $102,600 at the time of writing.
The recent surge in the cryptocurrency’s value was driven by Donald Trump’s victory as the 47th President of the United States. Throughout his campaign, Trump expressed strong support for cryptocurrencies, referring to himself as the “First Bitcoin President.” He also attended several Bitcoin conferences and pledged to introduce crypto-friendly policies.
This article was written by Arnab Shome at www.financemagnates.com.
