- Bitcoin reached the milestone on December 5
- Over the past 30 days, Bitcoin has increased in value by nearly 50% and 140% in YTD value
- It comes as President-elect Donald Trump named Paul Atkins as the next US SEC chair
Bitcoin has reached a new all-time high, hitting $100,000 for the first time, continuing its bull run since the start of November.
On December 5, Bitcoin broke the $100,000 milestone after getting within touching distance of the psychological level on November 22, at over $99,000. Data from CoinMarketCap shows Bitcoin reached more than $103,500 around 04:05 this morning.
At the time of publishing, Bitcoin is trading at around $101,000. Over the past 30 days, the crypto asset has risen nearly 50% in value while its year-to-date value has increased by 140%.
While there are underlying factors relating to Bitcoin’s price rise, Donald Trump’s presidential victory last month has given the asset a significant push. It also hasn’t hurt Bitcoin that Trump announced pro-crypto Paul Atkins as the next chair of the US Securities and Exchange Commission.
Trump has also picked Scott Bessent and Howard Lutnick to head the US Secretary of Treasury and Commerce departments.
Taking to X, Michael Saylor, CEO of MicroStrategy, said “there’s going to be a $100k party.”
Earlier this week, Saylor urged Microsoft to adopt Bitcoin saying it represents “digital capital.”