Bitcoin has reached a historic milestone, hitting $100,000 for the first time. This significant price increase, marking a 126% rally since January, is primarily driven by several factors.
These include the demand for Bitcoin exchange-traded funds (ETFs), which has heightened investor interest and confidence in the cryptocurrency's potential.
Additionally, the April halving event has further increased Bitcoin's scarcity, contributing to its price surge.
Moreover, political events such as Donald Trump's US election win have impacted Bitcoin's appeal as a hedge against potential market uncertainty. Together, these elements have fueled Bitcoin's unprecedented rise.
Source : cointelegraph.com ↗