2024

Bitcoin

Standard

Time

Bitcoin’s price has claimed a new all-time high above $100,000 on Thursday morning – the first time the asset has ever cracked six figures in USD value.&nbsp;
At this price, Bitcoin’s market capitalization is well above $2 trillion, about $1.2 trillion higher than where it stood at the start of the year.&nbsp;
November and now December have been the magic months for similar achievements. Bitcoin first broke through to five figures USD per one ($10,000) on November 28, 2017. It first reached four figures per coin ($1,000) on November 27, 2013.&nbsp;
Bitcoin’s best-performing month historically, on average, is November – particularly during or after a Bitcoin halving year. Between 2010 and 2024, its average returns in this month <a href="https://experts.bitwiseinvestments.com/cio-memos/why-are-septembers-so-terrible" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">exceed 35%</a>.&nbsp;
The new milestone has proven analysts at Standard Chartered correct, who <a href="https://cryptopotato.com/standard-chartered-bank-bullish-on-bitcoin-predicts-rise-to-100000-by-2024-what-about-meme-moguls/" data-wpel-link="internal" rel="noopener noreferrer nofollow">predicted</a> BTC to reach $100,000 by the end of 2024 as early as last year.&nbsp;
In late October, Bitcoin broke beyond $100,000 Canadian dollars ($CAD) for the first time and flipped the total value of all Canadian dollars just a few weeks later.&nbsp;
Bitcoin’s total value has also flipped that of silver, and the asset has tapped a new all-time high against gold this month. 
The post <a href="https://cryptopotato.com/history-bitcoin-reaches-100000-for-the-first-time/" rel="noopener noreferrer nofollow">History: Bitcoin Reaches $100,000 For The First Time</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

History: Bitcoin Reaches $100,000 For The First Time

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