Bitcoin surpasses $100,000 for the first time!

• Bitcoin hits $104,024, surpassing $100K milestone
   
• Bitcoin’s valuation rises to over $2 trillion
   
• Trump picks a known crypto advocate to lead SEC
   
• BTC ETF market capitalization reaches $107.32B

Bitcoin made history on Thursday by crossing the six-figure threshold, giving crypto enthusiasts 100,000 reasons to celebrate. For the cryptocurrency world, it marks the fulfillment of a long-held aspiration.

BTCUSD surged to a record-breaking $104,024, surpassing the $100,000 milestone for the first time ever.
 

The ~4% gain on Thursday boosted Bitcoin’s valuation to over $2 trillion, solidifying its position as the leading digital asset.

What’s driving this unprecedented surge?

The answer can be probably summed up in one name – Trump.

Donald Trump’s presidential victory unleashed a buying frenzy among investors, drawn by expectations of massive growth in the crypto sector.

Trump has openly voiced his support for the industry, even proposing the creation of a Bitcoin strategic reserve, signaling a new era of policy favoring digital assets.

Adding to the momentum, earlier, SEC Chairman Gary Gensler announced his resignation, effective January 20.

Gensler’s departure paves the way for Trump’s pick, Paul Atkins, a known crypto advocate, to take over this important role.

With the SEC poised to handle an influx of Bitcoin ETF applications, the market is buzzing with optimism.

At the time of writing, the total market capitalization of BTC spot ETFs stands at $107.32 billion USD, with cumulative assets under management (AUM) reaching $105.81 billion USD.