Bitcoin price exceeds $100k for first time

December 5,长沙U币代付 2025  10:28

The price of Bitcoin has exceeded $100 thousand for the first time in history. The price of this cryptocurrency is rising due to the expectations that when taking office as US President, Donald Trump will conduct a favorable policy for cryptocurrency.

Bitcoin set a new record a few hours after Trump announced the name of the future chairperson of the US Securities and Exchange Commission (SEC)—its current member Paul Atkins.

It is widely believed that Atkins is much more "friendly" to cryptocurrencies than the current head of the SEC, Gary Gensler.

The victory of Donald Trump in the US presidential election in November was a stimulus for the cryptocurrency market, whose amount is now estimated by experts at $3.3 trillion.

Trump has pledged to make the US "the crypto capital of the world," while just three years ago he had called Bitcoin a fraud.

This change in Trump's rhetoric has led to a 40 percent increase in the price of Bitcoin in the month after the presidential election, and more than double since the beginning of 2025.

Bitcoin's exchange rate has seen huge ups and downs over its 16 years of existence, and its enthusiasts have celebrated each new record high. But they were especially looking forward to this mark.

For several weeks, charts, memes, and predictions about when the price of Bitcoin will reach $100,000 have been actively circulating on social media. And when it approached that mark, millions of users joined the online broadcasts of celebrations of this Bitcoin record.