The Rise of Bitcoin & Its Effect on the Crypto World

The Rise of Bitcoin & Its Effect on the Crypto World

Crypto Daily – Is it really a surprise when the hallmark for cryptocurrencies around the world is at the doorstep of reaching yet another milestone? Just a few days ago, was as close as it has ever been to reaching $100,000 per coin – the digital coin traded above $98,000 on 25 November 2024.

Although currently going back a few steps, this crypto fluctuated around $92,000 at the time of writing. However, the experts believe that crossing the threshold is just days away. As the pioneer of digital currencies, Bitcoin is used for various tasks today, from payments in shops to spinning the reels and rolling the dice in some of the best crypto casinos.

But why is this step for Bitcoin so important that it has shaken up the crypto world? Moreover, what happens when BTC hits $100,000? Would it have an effect on other cryptocurrencies? Let’s find out!

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