Bitcoin exceeded the $100,000 threshold

Bitcoin has reached a new milestone in the history of cryptocurrency by exceeding the $ 100,000 threshold by December 2024. Bitcoin, which was traded at $69,000 on election day, rapidly gained value after Donald Trump won the US Presidential elections. According to CoinDesk data, the cryptocurrency, which rose to $ 75,000 with the announcement of the election victory, exceeded $ 103,000 with the effect of crypto-friendly policies expected from the Trump administration.

Following Trump’s victory, the expectation that regulations on cryptocurrencies would be softened dominated the markets. In particular, Trump’s announcement that he will dismiss Securities and Exchange Commission (SEC) Chairman Gary Gensler is cited as one of the factors that accelerated the rise in the markets. Paul Atkins, who has been nominated for SEC Chairman, has a pro-crypto background, increasing optimism among investors. Atkins was previously the co-chairman of the Chamber of Digital Commerce’s Token Alliance and is a well-known name for his support of blockchain technologies.

Other factors in Bitcoin’s rise

Apart from the Trump administration’s statements regarding cryptocurrencies, the launch of BlackRock’s Bitcoin-backed exchange-traded fund (ETF) futures also played an important role in the price increase. BlackRock’s ETF reached $1.9 billion in trading volume on its first day. This development once again revealed that institutional investors’ interest in Bitcoin has increased.

In addition, another factor that triggered the rise in the markets was Trump’s statements regarding the sale of Bitcoin assets belonging to the US government. Trump stated that Bitcoins owned by the federal government will be kept and these assets will not be released to the market. This statement stood out as a factor that supports the price of Bitcoin’s supply-demand balance.

However, this rapid rise of Bitcoin is not based only on positive expectations. Experts who know the volatile structure of crypto markets warn investors that such sudden rises may be followed by sharp declines. In particular, it is emphasized that cryptocurrencies are still highly volatile and are directly affected by macroeconomic conditions.

What will be the future of the markets?

Bitcoin reaching its historical peak also led to increases in other major cryptocurrencies such as Ethereum and Solana. Ethereum rose 15% to $4,500 after Trump’s victory, while Solana jumped 20% to $80. However, whether this rally will be sustainable in the long term is considered one of the most important questions for the future of crypto markets.

This rise in the price of Bitcoin has become an important agenda item not only for investors but also for governments and financial institutions. How the Trump administration’s crypto-friendly policies take shape will be one of the main factors that will determine the direction of the market. On the other hand, it remains a matter of great curiosity what kind of changes the new chairman of the SEC will make in the regulatory framework.

Bitcoin surpassing $100,000 is not only a financial success, but also brings about a renewed debate about the place of cryptocurrencies in the global financial system. However, considering the risks brought by such rises, it is clear that investors should follow the markets carefully and develop long-term strategies.