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Bitcoin Hits $102,000 as Rally 'Will Not Slow Down' After Surpassing $100,000

Dec 5, 2024, 10:47 AM

Bitcoin has surpassed the $100,000 mark for the first time in history, reaching as high as $102,000 and setting a new all-time high. This milestone is being hailed as a significant moment for digital assets, with even skeptics recognizing its importance. The surge is attributed to investor optimism about a favorable US administration that may solidify the role of cryptocurrencies in financial markets. Analysts suggest that the rally "will not slow down" after exceeding $100,000, entering a new phase of growth. Despite previous setbacks and slumps over its 15-year history, Bitcoin's valuation has now cracked the once-thought mythical $100,000 level.