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Historical record: Bitcoin reached $103,000


December, 05 2024
watermark Economic news

On Thursday, bitcoin broke the $103,000 mark, which became a new historical record. Over the past month, the largest cryptocurrency has approached the psychological level of $100 thousand several times, but each time it rolled back before it finally reached the goal. 


The current BTC quote is $102,979. The main driver of growth is optimism in the digital industry, driven by expectations that the new US President Donald Trump will ease regulation and create a more favorable environment for digital assets. Trump's nomination of Paul Atkins, a supporter of the crypto industry, to head the U.S. Securities and Exchange Commission (SEC) has also strengthened these hopes. 


Reaching the $100,000 mark increases the market value of bitcoin by more than $2 trillion, making it one of the largest investment assets, second only to companies such as Nvidia and Apple.


Many experts predicted that bitcoin would reach $100,000 sooner or later. Since the beginning of 2023, the cryptocurrency has already grown by 135%. At the same time, the asset also showed significant fluctuations, including a 64% drop in 2022 and an increase of 1,375% in 2017.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.