Why Is Bitcoin Rising? BTC Price Surpasses $100K BTC is the world’s largest cryptocurrency, with a market capitalization of $2.03 trillion. It skyrocketed immediately after Donald Trump won the U.S. presidential election on Nov. 5, 2024, and has continued rising since then, surpassing its previous highs multiple times. As of Dec. 5, 2024, Bitcoin has surpassed its prior highs and hit an all-time high of $103,900. After nearly touching $100K, BTC stabilized at $95,000, with the market optimistic that it will continue to rise; as of Dec. 05, 2024, it peaked at an all-time high of $103,900. The hope that the U.S. and the rest of the world will embrace pro-crypto policies appears to be the most appealing factor fuelling BTC’s rise. China’s efforts to lift restrictions on personal cryptocurrency ownership are also spurring hopes. Reports of Brazil and Russia considering BTC as a reserve too signal promise for cryptocurrency. www.cifdaq.com
















