On 12 December, 2024, Bitcoin (BTC) rose to $101,014 about Rs. 85.7 lakh while posting 3.66% appreciation in the last 24 hours. Bitcoin had first touched this threshold earlier in the month and now second time during this month that it had broken above $100,000. Overall market sentiments have gone high with optimistic economic data coupled with anticipation of Federal Reserve rate cuts.
The crypto market also gained substantially, as stablecoins saw a record-breaking market cap of $200 billion. Other big cryptocurrencies, like Ether, Ripple, and Binance Coin, all gained during the day. The total crypto market cap increased 5.41% and now stands at $3.65 trillion.
Bitcoin’s Increase from 2010
From only $0.10 in 2010 to over $101,000 today, Bitcoin shows how its growth is monumental with time. The rate keeps on making it the world’s number one cryptocurrency.Political and Economic Events:
The surge in Bitcoin price comes after Donald Trump’s victory in the elections, with prospects of policy changes from his upcoming administration. Moreover, there were rumors that U.S. SEC Chair Gary Gensler might resign, leaving the crypto market optimistic too.
Bitcoin had first touched this threshold earlier in the month and now second time during this month that it had broken above $100,000.
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