New Delhi, December 5: World슬롯사이트s largest cryptocurrency Bitcoin has crossed the historic milestone of $100,000 apiece, driven by favourable market dynamics, growing US regulatory clarity, and institutional adoption through Bitcoin ETFs, industry experts said on Thursday. Bitcoin was trading at $1,03,095, after gaining 4.39 per cent. According to Vishal Sacheendran, Head of Regional Markets at Binance, the cryptocurrency market is experiencing a surge in optimism as governments and institutions worldwide begin to embrace blockchain technology, paving the way for broader adoption and investment in digital assets.

슬롯사이트This renewed enthusiasm reflects a maturing ecosystem poised for sustained growth,슬롯사이트� he added. Discussions around a US Strategic Bitcoin Reserve and corporate treasury integration signal a shift toward mainstream adoption. 슬롯사이트The coming year promises enhanced regulatory frameworks, greater transparency, and innovations in DeFi, tokenized assets, and blockchain interoperability, paving the way for a more inclusive global economy,슬롯사이트� said Sacheendran. Bitcoin Price Tops USD 100,000 As Big Rally in World슬롯사이트s Most Popular Cryptocurrency Sparked by Donald Trump Election Win Rolls On.

Rahul Pagidipati, CEO, ZebPay, said that Bitcoin is now effectively one of the top 10 most valued assets in the world, ranking above all commodities except gold and higher than most companies. 슬롯사이트The crypto market슬롯사이트s total capitalisation has also crossed the $3.5 trillion mark, demonstrating the scale of interest and widespread adoption in the space,슬롯사이트� he said. Nigel Green of deVere Group predicted over a month ago that Bitcoin would hit $100,000 following Donald Trump슬롯사이트s re-election and his upcoming inauguration as the 47th President of the United States.

슬롯사이트I believe Bitcoin could reach $120,000 in the first quarter of 2025 as the rally gains further traction,슬롯사이트� he predicted. 슬롯사이트The growing narrative of Bitcoin as digital gold is becoming impossible to ignore. It슬롯사이트s increasingly viewed as a hedge against inflation and a tool for portfolio diversification. Institutional interest is at an all-time high, and the infrastructure to support mass adoption continues to expand,슬롯사이트� said Green. Bitcoin Price Hits All-Time High Crossing USD 100,000 Mark on Optimism Over Donald Trump슬롯사이트s Crypto Plans.

Bitcoin슬롯사이트s recent rally can be attributed to a combination of factors. First, the political alignment of a pro-crypto administration is invigorating market confidence. Second, the ongoing economic environment, characterised by likely inflationary pressures, has driven institutional and retail investors toward alternative assets.

 

(The above story first appeared on LatestLY on Dec 05, 2024 10:14 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).