Bitcoin, the pioneering cryptocurrency, achieved a historic milestone by surpassing $100,000 on December 5, 2024. This surge was fueled by market optimism around pro-crypto policies under the U.S. administration. Below, we explore Bitcoin’s price trajectory and the pivotal events that shaped its rise.
2009–2015: The Early Days
- 2009: Launched with no monetary value.
- October 2010: Price crossed $0.10, its first notable benchmark.
- June 2011: Peaked at $29.60** before crashing to **$5 by year-end.
- 2013: Rally to $1,000** in November, closing at **$732.
2016–2020: Bull Runs and Mainstream Attention
- 2017: Skyrocketed from $2,000** (May) to **$19,188 (December).
- 2020: Pandemic-driven demand drove a 416% annual gain, ending at $28,993.
2021–2023: Peaks, Crashes, and Recovery
- April 2021: All-time high of $64,895 during Coinbase’s IPO.
- November 2021: Second peak at $69,000, followed by a downturn.
- 2023: Rebound from $16,530** to **$42,258, signaling renewed institutional interest.
2024: Shattering the $100,000 Barrier
- March 2024: Surpassed $70,000 post-SEC approval of Bitcoin Spot ETFs.
- April 2024: Fourth halving stabilized prices near $63,821.
- November 2024: Trump’s re-election propelled Bitcoin to $80,000**, then **$91,000.
- December 5, 2024: Historic $100,000 breach, driven by Trump’s proposed "Strategic Bitcoin Reserve" and regulatory tailwinds.
👉 Why institutional investors are bullish on Bitcoin
Key Drivers of Bitcoin’s Price
- Supply-Demand Dynamics: Fixed supply (21 million) and halving events.
- Macro Factors: Inflation hedges, geopolitical instability.
- Adoption: Institutional ETFs, corporate treasuries (e.g., MicroStrategy).
FAQs
Q: What sparked Bitcoin’s 2024 rally?
A: Trump’s crypto policies, ETF inflows ($676M daily), and halving-induced scarcity.
Q: Will Bitcoin hit $120,000 soon?
A: Analysts project further gains due to rising institutional demand and favorable regulations.
Q: How does Bitcoin halving affect prices?
A: Reduced supply growth historically triggers bull markets within 12–18 months.
Expert Insights
“Trump’s pro-crypto agenda and SEC reforms under Paul Atkins will accelerate mainstream adoption.”
— Edul Patel, CEO of Mudrex
👉 Learn how to capitalize on crypto trends
Conclusion
Bitcoin’s $100,000** breakthrough reflects its evolution from a niche asset to a global financial force. With ongoing institutional adoption and regulatory clarity, the next target is **$120,000.
Keywords: Bitcoin price, cryptocurrency milestones, BTC halving, Bitcoin ETF, institutional adoption, Trump crypto policies, Bitcoin supply-demand
### **Edits Applied**:
1. **Title**: Removed "2024" and "| Website Name" (per Guideline 3).