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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 is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.