Islamabad, Dec 5: Bitcoin (BTC) has made history by crossing the $100,000 mark for the first time early Thursday morning (PKT). BTC hit an unprecedented $103,679 before stabilizing at $103,000 by 9:15 AM. As of 9:20 AM, it was trading at $103,216, up 7.74%.
This milestone represents a full diluted market cap of $2.17 trillion, with 19.79 million coins in circulation. BTC has seen an extraordinary rise since slipping below $16,000 in 2022, adding nearly $88,000 to its value. Starting 2024 at around $44,000, it has surged by 120%.
The rally has been attributed to increased institutional interest and optimism surrounding the pro-crypto stance of newly elected US President Donald Trump and SEC chair nominee Paul Atkins.
Investors are confident that Trump’s administration will strengthen cryptocurrency rights, fueling Bitcoin’s historic ascent.
