Bitcoin reaches historic $100,000 price level, 1,000 satellites now equals $1

Bitcoin surpassed the $100,000 mark for the first time, and its market capitalization reached $2 trillion. The milestone follows a series of new highs over the past few weeks, driven by market momentum following the US presidential election.

The election of Donald Trump, who promised a policy to promote cryptocurrencies, contributed to the sharp rise in Bitcoin prices. Since his victory in early November, Bitcoin's price has risen more than 30%, reaching $93,400 on November 13th.

The digital asset continued to set records, reaching $93,900 on November 19th and $94,300 on November 20th. On November 21st, Bitcoin soared to $98,200 before falling back to around $97,000, coming within 3% of the $100,000 milestone. The next day it was rejected again at $99,600 and by November 26th it had fallen to $90,700.

By November 29th, Bitcoin was able to regain $98,000, but was unable to maintain momentum as leverage soared to all-time highs. Over the next few days, the flagship cryptocurrency traded in a narrow sideways range between $93,000 and $97,250 before finally regaining $99,000 late on December 3rd.

When Asia began trading on December 4th, it took three hours for Bitcoin to decisively break above the six-digit level. BTC is trading at $101,450 at the time of writing, up 6.64% in the past 24 hours.

Bitcoin price history

Bitcoin's path to $100,000 marks a significant milestone since its inception in 2009, when it had little or no monetary value. The price of Bitcoin was first recorded in 2010, when Bitcoin was worth less than $0.10. By February 2011, Bitcoin reached $1, and briefly exceeded $30 in late June 2011. However, this initial bubble burst and the price of Bitcoin returned to around $2 by the end of 2011.

2012-2013: Halving and significant increase

In November 2012, Bitcoin experienced its first “halving” event, where the reward for mining new blocks was cut in half. By the end of 2013, Bitcoin reached $1,000, marking its first major rally. Over the next few years, Bitcoin experienced significant fluctuations, dropping to around $200 in 2015, before slowly and steadily rising by 2016.

2017: Turning point

2017 was a turning point for Bitcoin, with prices starting at around $1,000 and skyrocketing to nearly $20,000 by December. This rally brought Bitcoin to mainstream attention, but 2018 saw a prolonged bear market known as the “crypto winter”, with the price dropping to around $3,700 by the end of the year. .

2019-2020: Recovery and pandemic impact

Prices began to recover in 2019, and by 2020, Bitcoin ended the year at nearly $29,000, despite plummeting in March due to the coronavirus pandemic. The rally continued in 2021, with Bitcoin hitting new all-time highs of $64,895 in April and $69,000 in November. After a significant economic downturn in 2022 due to the collapse of major crypto companies, Bitcoin began to recover again in 2023, reaching over $40,000 by the end of the year.

2024: Setting a new record

Breaking through $100,000 in 2024 marks a pivotal moment for the cryptocurrency market, reflecting increased institutional adoption, investor confidence, and strategic Bitcoin preparation methods. Bitcoin's rise above $100,000 solidifies its place in global finance and confirms its growing acceptance among investors and institutions alike.