Bitcoin Poised to Break $100,000 Barrier After Historic Surge

The cryptocurrency's 2024 rally is fueled by regulatory shifts, institutional interest, and optimism about the incoming U.S. administration.

Bitcoin's price has surged nearly 130% in 2024, reaching $99,347 and nearing the $100,000 milestone for the first time in its history.
The Securities and Exchange Commission's approval of Bitcoin exchange-traded funds (ETFs) in March has significantly boosted institutional investment in the cryptocurrency.
The recent post-election optimism surrounding President-elect Donald Trump's expected crypto-friendly policies has further fueled Bitcoin's rise.
Bitcoin now accounts for over 60% of the global cryptocurrency market value, marking a resurgence in its dominance after years of volatility and setbacks.
While Bitcoin's volatility has decreased compared to previous years, experts caution investors about potential risks during speculative price bubbles.