Bitcoin hits $100k for the primary time as bull run continues

• Bitcoin reached the milestone on December 5
• Over the previous 30 days, Bitcoin has elevated in worth by almost 50% and 140% in YTD worth
• It comes as President-elect Donald Trump named Paul Atkins as the subsequent US SEC chair

Bitcoin has reached a brand new all-time excessive, hitting $100,000 for the primary time, persevering with its bull run for the reason that begin of November.

On December 5, Bitcoin broke the $100,000 milestone after getting inside touching distance of the psychological degree on November 22, at over $99,000. Knowledge from CoinMarketCap exhibits Bitcoin reached greater than $103,500 round 04:05 this morning.

On the time of publishing, Bitcoin is buying and selling at round $101,000. Over the previous 30 days, the crypto asset has risen almost 50% in worth whereas its year-to-date worth has elevated by 140%.

Whereas there are underlying elements regarding Bitcoin’s worth rise, Donald Trump’s presidential victory final month has given the asset a big push. It additionally hasn’t harm Bitcoin that Trump introduced pro-crypto Paul Atkins as the subsequent chair of the US Securities and Trade Fee.

Trump has additionally picked Scott Bessent and Howard Lutnick to move the US Secretary of Treasury and Commerce departments.

Taking to X, Michael Saylor, CEO of MicroStrategy, stated “there’s going to be a $100k celebration.”

Earlier this week, Saylor urged Microsoft to undertake Bitcoin saying it represents “digital capital.”