Bitcoin hits $100,000 for first time
Deccan ChronicleMumbai: Bitcoin made a significant mark by surpassing the $100000 mark for the first time on Wednesday driven by favorable market dynamics, growing US regulatory clarity, and institutional adoption through Bitcoin ETFs. Vishal Sacheendran, Head of Regional Markets at Binance said, “Bitcoin has hit the historic $100,000 mark, driven by favorable market dynamics, growing U.S. regulatory clarity, and institutional adoption through Bitcoin ETFs. The crypto market’s total capitalization has also crossed the $3.5 trillion mark, demonstrating the scale of interest and widespread adoption in the space.”Bitcoin has soared to unprecedented heights since Trump won the election November 5. Just two years ago, Bitcoin had dropped below USD 17,000 following the collapse of crypto exchange FTX.Crypto investors are hopeful that Trump's policies will reduce regulatory barriers and boost institutional adoption.