Reported 6 days ago
In 2024, Bitcoin achieved remarkable milestones, surpassing its previous record of $69,000 to reach $100,000, primarily driven by significant events including Donald Trump's election win, which boosted confidence in cryptocurrencies, the launch of U.S. Bitcoin exchange-traded funds (ETFs) attracting substantial institutional investment, and monetary policy easing by the Federal Reserve. Additionally, the Bitcoin halving event in April further constrained supply, contributing to market momentum.
Source: YAHOO