• Bitcoin reaches milestone on December fifth
• Over the previous 30 days, Bitcoin has elevated almost 50% in worth and is up 140% year-to-date.
• This comes after President-elect Donald Trump nominated Paul Atkins to be the subsequent US SEC Chairman.

Bitcoin hit a brand new all-time excessive, reaching $100,000 for the primary time, and has been rising for the reason that starting of November.

Bitcoin crossed the $99,000 mark on November twenty second, reaching a psychological stage inside attain earlier than breaking the $100,000 milestone on December fifth. In response to knowledge from CoinMarketCap, Bitcoin reached over $103,500 round 04:05 this morning.

On the time of publication, Bitcoin is buying and selling at round $101,000. Previously 30 days, the worth of the crypto asset has elevated by almost 50% and year-to-date, the worth has elevated by 140%.

Whereas there are basic components behind the rise in Bitcoin's value, Donald Trump's presidential victory final month was a significant enhance to Bitcoin. President Trump's announcement of digital foreign money advocate Paul Atkins as the subsequent chairman of the U.S. Securities and Change Fee has not had a unfavourable affect on Bitcoin.

President Trump additionally nominated Scott Bessent and Howard Lutnick for Secretary of the Treasury and Secretary of Commerce.

“We're going to have a $100,000 celebration,” MicroStrategy CEO Michael Saylor mentioned of X.

Earlier this week, Saylor urged Microsoft to undertake Bitcoin, saying it represents “digital capital.”