Reports and data from industry analyses and adoption studies

Bitcoin Surges Over $104,000, Market Cap Tops $2 Trillion Amid Crypto-Friendly Washington Hopes

Dec 5, 2024, 03:20 AM

Bitcoin's price has surged over $104,000 for the first time, reaching new all-time highs and marking a significant milestone for the cryptocurrency market. The digital asset's market capitalization has surpassed $2 trillion as traders celebrate the historic moment. The rally shows no signs of stopping, with Bitcoin up over 5% on the day and more than doubling in 2024. The price increase is fueled by renewed investor interest and hopes of a crypto-friendly Washington. Analysts suggest that breaking psychological resistance levels like $100,000 may attract new investors to the digital asset.