Bitcoin Reaches $100,000 for the First Time

Bitcoin's market cap is now $2 trillion, accounting for 53% of the entire cryptocurrency market value.

Bitcoin Reaches $100,000 for the First Time

Bitcoin’s price hit a new all-time high on Thursday morning, surpassing $100,000. It’s the first time the asset has ever broken six figures in dollar terms.


At that price, Bitcoin’s market cap is well over $2 trillion, up about $1.2 trillion from where it started the year.


November and now December are Bitcoin’s best months. It first hit four figures per coin ($1,000) on November 27, 2013, and first broke five figures per coin ($10,000) on November 28, 2017.


Historically, November is the best month for Bitcoin on average – especially during or after a Bitcoin halving year. Its average return in that month has been over 35% between 2010 and 2024.


The new milestone has confirmed Standard Chartered analysts who predicted last year that BTC would reach $100,000 by the end of 2024.


Bitcoin's overall value has also surpassed that of silver, with the asset hitting a new all-time high against gold this month.



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