Bitcoin has achieved a significant milestone by surpassing the $100,000 mark, with its price reaching a new all-time high of $103,850. This rally is attributed to favorable regulatory developments and a surge in institutional interest. Global endorsements from influential figures and organizations have further bolstered Bitcoin’s upward trajectory.
Since recent elections, Bitcoin has experienced a 45% increase, with enthusiasm building around potential crypto-friendly regulations. The anticipation of such regulatory shifts, possibly due to changes in the leadership of the SEC, is providing additional momentum to Bitcoin's ongoing price surge.
