Bitcoin Hits $100,000 All-Time High, Surges 50% Since Trump's Election

Dec 5, 2024, 03:50 AM

Bitcoin has surged to an all-time high of $100,000, marking a significant milestone in its history. This rally, which has seen the cryptocurrency gain approximately 126% since January 2024, has been attributed to several factors including the demand for Bitcoin exchange-traded funds (ETFs), the halving event in April, and the recent election win of Donald Trump. Trump's victory, coupled with his pro-crypto stance and the appointment of a pro-crypto pick for the SEC, has been a key driver behind this surge. The cryptocurrency has posted a 50% gain since Trump's election, showcasing the market's response to his policies. Year-to-date, Bitcoin has gained around 135%.