{"id":62044,"date":"2024-12-05T14:29:18","date_gmt":"2024-12-05T06:29:18","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=62044"},"modified":"2025-12-06T00:04:38","modified_gmt":"2025-12-05T16:04:38","slug":"bitcoin-reaches-new-high","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/bitcoin-reaches-new-high","title":{"rendered":"Bitcoin Hits New High; Breaks US$100,000 Milestone"},"content":{"rendered":"

A single Bitcoin is now worth over US$100,000.<\/p>\n

Bitcoin has hit a new all time high, trading at over US$100,000 after going on a rally since the US Presidential Election. This comes just weeks after hitting its previous high of US$81,000<\/a> in early November 2024.<\/p>\n

The world’s most popular cryptocurrency isn’t the only one seeing a significant increase in value. Donald Trump\u2019s successful return as US President has fueled expectations that his administration will usher in a friendly regulatory environment for cryptocurrencies.<\/p>\n

The last trading recorded was at US$103,225<\/a> earlier today, December 5 2024.<\/p>\n

Bitcoin value increased by 45% since November 5, 2024<\/h4>\n

The largest cryptocurrency by market cap has seen its price jump by over 45% since Trump’s return.<\/p>\n

Reports indicate that it is driven by buying interest that has seen huge capital inflow into U.S. bitcoin-backed exchange-traded funds.<\/p>\n

Eleven bitcoin exchange traded funds (ETFs) were approved by the US Securities and Exchange Commission in January. The move has further fuelled the value of bitcoin in this year alone.<\/p>\n

For anyone considering buying Bitcoin during these market highs, setting up a secure Bitcoin wallet<\/a> is essential for protecting your assets<\/p>\n

Trump vows to make the US the crypto capital of the world<\/h4>\n

During his presidential campaign earlier this year, Trump had expressed interest<\/a> in creating a U.S. bitcoin reserve similar to those for gold and oil.<\/p>\n

Trump’s comeback also saw the return of ‘crypto-friendly candidates’ being elected back into top government posts. The president-elect has also nominated Paul Atkins as the Securities & Exchange Commission (SEC) Chair.<\/p>\n

Atkin was formerly the SEC commissioner during the presidency of George W. Bush. He is known for leaning more against\u00a0too much market regulation.<\/p>\n

Accompanying this increase in demand is the latest bitcoin halving<\/a> which was completed earlier this year. The last halving happened in 2020. The latest one was completed in April 2024.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

A single Bitcoin is now worth over US$100,000. <\/p>\n","protected":false},"author":1,"featured_media":47591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216],"tags":[630,820,635,1670,1269,744],"class_list":["post-62044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates","tag-bitcoin","tag-crypto","tag-cryptocurrency","tag-ether","tag-ethereum","tag-luno"],"acf":[],"yoast_head":"\nBitcoin Hits New High; Breaks US$100,000 Milestone<\/title>\n<meta name=\"description\" content=\"A single Bitcoin is now worth over US$100,000. 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