Bitcoin, the world’s most prominent cryptocurrency, has reached a new all-time high, crossing the $100,000 mark for the first time.
According to CoinMarketCap data, the milestone was achieved on Wednesday night when Bitcoin climbed to $101,103. It later peaked at $103,587 before stabilizing around $101,000.
This record comes after nearly two weeks of trading just below $98,000, a period that suggested a potential plateau following the bullish momentum seen post-U.S. elections.
Since election day, when Bitcoin was valued at approximately $75,600, its price has risen by more than 36%.
On a broader scale, Bitcoin’s growth continues to outpace traditional asset classes. Over the past month, its price has surged by 58.9%, while over the last year, it has gained more than 74%. From its inception in 2009, Bitcoin’s cumulative growth stands at an extraordinary 136,027%.
Market analysts suggest that Bitcoin’s psychological barrier of $100,000 may serve as a catalyst for further price exploration, though some caution against potential volatility in the coming weeks.
The rise in Bitcoin’s price has also influenced other cryptocurrencies. Ether, the second-largest digital asset by market capitalization, reached $3,904 during the same period, reflecting a 5% gain in the past 24 hours.