Bitcoin Breaks $100,000 Milestone for the First Time

Bitcoin has reached an all-time high, surpassing the $100,000 mark for the first time in its history. This milestone comes after a 126% rally since January, driven by strong demand for spot Bitcoin ETFs and anticipation surrounding Bitcoin's upcoming halving event in April 2024. The surge has been amplified by growing institutional interest, with BlackRock's spot Bitcoin ETF leading the market with over $570 million in daily inflows​

The psychological breakthrough of $100,000 has reignited optimism in the cryptocurrency market, boosting Bitcoin's dominance over altcoins. Analysts predict that the price could continue its upward trajectory as it enters "price discovery" mode, seeking new resistance levels​

This achievement underscores Bitcoin’s resilience and its growing acceptance as a mainstream asset class, despite regulatory challenges and market volatility.