Bitcoin just broke the $100k mark for the first time. Here's why it matters

Business and Finance Business and Finance

Fri, December 6, 2024

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[ Thu, Dec 05th 2024 ] - deseret

Bitcoin just broke the $100k mark for the first time. Here's why it matters

^{Published on 2024-12-05 20:30:49 - deseret}

Bitcoin broke the $100,000 line late Wednesday and was trading at around $101,400 at midday Thursday but had dropped back to just under $99,000 per token on Thursday afternoon, according to tracking by CoinGecko. At that time, the global cryptocurrency market capitalization came in just shy of $3.8 trillion.

The article from Deseret News discusses Bitcoin's significant milestone of breaking the $100,000 mark, attributing this surge to a combination of increased investor confidence, regulatory changes, and political influences. Key points include the impact of former President Donald Trump's pro-cryptocurrency stance, which has led to a more favorable regulatory environment under the SEC, fostering greater mainstream adoption. The article also highlights the role of institutional investors, the introduction of Bitcoin-related financial products, and the broader acceptance of cryptocurrency in financial markets. Additionally, it touches on the potential risks and volatility associated with Bitcoin, despite the optimistic outlook, suggesting that while the future looks bright, investors should remain cautious.

Read the Full deseret Article at:
[ https://www.deseret.com/business/2024/12/05/bitcoin-breaks-100k-investor-confidence-deregulation-donald-trump-sec-cryptocurrency/ ]

N@N

Bitcoin just broke the $100k mark for the first time. Here's why it matters