1-minute News | Bitcoin price surpasses US$100,000

Cryptocurrency enthusiasts worldwide are rejoicing as the price of a single bitcoin has surpassed the significant milestone of $100,000 for the first time today(Dec. 5).

This long-awaited achievement has stirred excitement among followers. Speculation about when this coveted number would be reached has been rife, with charts, memes, and forecasts circulating across social media platforms for weeks.

The recent surge in value is attributed to Donald Trump's reelection as U.S. president, serving as a catalyst for the latest upswing.

Remarkably, the president-elect has pledged to transform the United States into "the crypto capital of the planet," a remarkable shift from his previous characterization of Bitcoin as a "scam" back in 2021.

Noteworthy is the rapid ascent of Bitcoin's value. Surpassing the $100,000 mark represents a 120% increase from its starting price for the year, reflecting a 40% surge since Election Day in the United States.

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