Bitcoin experienced a significant milestone as it surpassed the $100,000 mark, reaching $103,403, marking a historic moment for the cryptocurrency sector. This surge represents a 7.6% increase within just 24 hours, influenced by institutional backing, international recognition, and favorable regulatory developments.
Adding to the market buzz was the news of Mt. Gox moving 27,000 BTC. This movement of Bitcoin further intensified attention on the crypto market, with the potential implications being closely watched by investors worldwide.
Notably, the recent endorsement from former US President Trump also contributed to Bitcoin reaching its long-anticipated target ahead of the originally projected timeline for 2025. This reflects a growing acceptance and optimism surrounding cryptocurrencies in mainstream and political circles.
