Bitcoin Surges Past $100,000 Amid Trump-Driven Optimism

Business12/5/2024
Bitcoin Surges Past $100,000 Amid Trump-Driven Optimism
Image Credits: The News

Bitcoin has broken the $100,000 barrier, with its price reaching $103,619. This surge is attributed to optimism over US President Donald Trump's plans for cryptocurrencies. The market value of Bitcoin has increased to $3.8 trillion, with its value rising by more than 50% in just four weeks. Institutional investors have also shown interest in Bitcoin, with roughly 3% of the total supply being purchased by institutional money. The appointment of Paul Atkins as the new SEC chair is expected to have a positive impact on the cryptocurrency market, with more crypto-friendly regulations likely to be introduced. This development has sent shockwaves through the financial world, with many experts hailing it as a major milestone for the cryptocurrency market.


Similar Perspectives

Facts that align with the main story

Bitcoin price: $103,619

Market value: $3.8 trillion

Bitcoin value increase: more than 50% in four weeks

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Fact Comparison

FactTribuneThe Newsgeo.tvDawn
Bitcoin price$100,000$103,619$103,619$100,000
Bitcoin priceN/A$103,619$103,619$103,619
Market valueN/A$3.8 trillion$3.8 trillion$3.8 trillion
Bitcoin value increaseN/Amore than 50% in four weeksmore than 50% in four weeksmore than 50% in four weeks
Institutional adoptionN/Aroughly 3% of total supply purchased by institutional moneyroughly 3% of total supply purchased by institutional moneyroughly 3% of total supply purchased by institutional money
New SEC chairN/APaul AtkinsPaul AtkinsPaul Atkins
Expected impactN/AMore crypto-friendly regulationsMore crypto-friendly regulationsMore crypto-friendly regulations

News Sources

The News
The News
The News
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geo.tv
geo.tv
Dawn
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