Crypto Daily – has broken through the $100,000 psychological barrier on December 5, trading at around $102,605 at the time of writing. The milestone event has allowed the first cryptocurrency to achieve a market capitalization of over $2 trillion, underscoring its importance as the most coveted and valuable investment asset in history, surpassing even .
The rise in capitalization came on a protracted wave of Bitcoin’s gradual appreciation, which started sharply on November 6 after the announcement of the results of the presidential elections in the United States, which saw crypto-friendly candidate Donald Trump take the lead. Bitcoin then started its sharp appreciation, jumping from $68,000 to over $75,000 in mere hours.
Underpinning Reasons
The appreciation of Bitcoin to over $100,000 followed shortly after president elect Donald Trump announced on Wednesday that he had decided to nominate Paul Atkins to replace Gary Gensler as the new head of the US Securities…
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