Bitcoin Crosses $100,000 in a Historic First After Monstrous Rally

Bitcoin skyrocketed to a new all-time high after breaching the $100,000 level for the first time since its inception early on Thursday morning (PKT). BTC touched a record $103,679 before easing back to $103,300 at 8 AM. At 9:15 AM today, it was at $103,000. At 9:20 AM today, the flagship cryptocurrency was up 7.74 percent, trading around $103,216. At the time of filing, BTC has a full diluted market cap of $2.17 trillion and 19.79 million coins in circulation. It bears mentioning that in 2022, BTC slid below $16,000 and has since gained almost $88,000 in aggregate value. At the start of 2024, BTC was trading around $44,000 and has risen a whopping 120 percent since then. Institutional investors and Donald Trump’s latest pick for SEC chair — Paul Atkins — who is pro-crypto. But full credit should be given to Trump for winning last month’s US elections which market participants believe is the real reason behind BTC’s record rally in the past few weeks. The investor space feels confident that cryptocurrencies will attain new rights with Donald Trump as US President.