Official U.S. government legislative records or major news outlets

Bitcoin Surges Back to $100,000 Amid Global Acceptance and U.S. Political Support

Dec 11, 2024, 03:16 PM

Bitcoin has surged back above the $100,000 mark, marking a significant rally after a period of consolidation. This resurgence comes amidst a backdrop of increasing global acceptance from central banks, corporations, and governments, positioning Bitcoin as a serious financial asset. The price increase follows a period of volatility, with Bitcoin having hit the $100,000 milestone earlier in the month, only to retrace sharply due to concerns over Google's quantum computing advancements. The political climate in the U.S. has also become more Bitcoin-friendly, with key appointments and proposed legislation supporting the cryptocurrency. The market sentiment has strengthened, with bullish momentum propelling Bitcoin back to its peak.