Bitcoin hits record peak of $100,000 per coin, marking a 126% increase since January

Bitcoin has finally officially reached the $100,000 mark, a celebratory milestone for all those who have been following the journey of the world's most valuable cryptocurrency.

3

The US$100,000 mark was hit on December 5, which is only a few weeks after Bitcoin smashed through the $90,000 psychology ceiling, spurring speculation that $100,000 was inbound - it appears that speculation was correct. At 3:08 am UTC, Bitcoin reached its all-time high of $104,000, which means it gained 125% since January and $31 billion in net inflows across spot exchange-traded funds in the US.

The increase can be attributed to Donald Trump's US presidential election victory, as speculation circulated that Trump will adopt BTC into the US national reserve, along with assisting in further integrating and legitimizing Bitcoin in the corporate space. Moreover, Trump recently appointed cryptocurrency advocate Paul Atkins to replace Gary Gensler as the Securities and Exchange Commission (SEC) chair, which sparked speculation that regulatory hurdles preventing the further adoption of cryptocurrencies will solved.

3