Investors are rejoicing as Bitcoin recently recorded above one hundred thousand dollars in the cryptocurrency market. This is the first time Bitcoin popularly known as BTC is reaching $100k in the history of cryptocurrency and blockchain technology.
Recall that BTC and other altcoins started rising higher ever since President-Elect Donald Trump was declared the winner of the United States Presidential Election.
Donald J. Trump won both the popular and the majority of the electoral college votes, enabling him to emerge as the election winner. During the campaign, he showed a positive green light towards cryptocurrency, which enabled investors in that space to see him as a pro-crypto presidential candidate.
Investors in BTC all over the world have recorded the new developments in the price surge of BTC and other crypto coins listed in various central and decentralized exchanges as of December 5th 2024.
Even XRP has risen above $2 in the recent times as opposed to when it was trading below $1 and investors in XRP are also rejoicing especially those that bought the coin when the market price of the coin was down.
Solana is trading above $200 with a continuous rise faster than before the big rise of BTC and the same wave is seen in the performance of other coins.
So many analysts posited that BTC will not cross above one hundred thousand dollars in 2024 and believed that the coin will be traded above one hundred thousand dollars in 2025 while other analysts that are bullish believed that bitcoin would trade above $100k in 2024 which recently became a reality.
The performance of BTC in the market has made the digital asset to be one of the best-performing assets since 2012 according to so many financial valuers.