Bitcoin - Overview as of 05.12.2024

Financial and commodity markets analytics


Bitcoin broke the $100,000 mark

Bitcoin broke the $100,000 mark, marking a major psychological milestone for crypto-enthusiasts. This rise followed the Republican election victory, signaling a pro-cryptocurrency shift in US politics. The election of Donald Trump and the appointment of Paul Atkins as SEC Chairman and Scott Bessent as Treasury Secretary underscore this trend. Institutional investor interest has increased significantly since the SEC approved spot Bitcoin ETFs in January. Combined with Bitcoin's halving cycle and macroeconomic factors, this is fueling optimism. Analysts predict Bitcoin could reach $200,000 by 2025, solidifying its status as "digital gold."