Bitcoin sets a new record, surpassing $100,000.

Bitcoin's price reached an all-time high this morning, surpassing the $100,000 mark and bringing its market capitalization to $2 trillion.

After passing by for several days, Bitcoin (BTC) started its upward trend late last night, quickly regaining the $99,000 mark around 4 AM today. The chart continues to hover around this price level before a new upward movement.

At approximately 9:40 AM, Bitcoin jumped to a historic high of $100,000 per unit, a gain of over 5% in 24 hours. Digital currency The world's largest cryptocurrency continues to accumulate, recording over $103,250 at 10:10 AM.

CoinDesk The new record is believed to be supported by demand from institutional investors and high expectations for cryptocurrency-friendly policies under Donald Trump's presidency. BTC has surged approximately 130% year-to-date, reaching a market capitalization of $2 trillion just 15 years after its inception. The cryptocurrency is currently the 7th largest in the world by market capitalization, behind only gold and major tech companies like Apple, Nvidia, Microsoft, Amazon, and Alphabet.

The Bitcoin boom this year has been driven by funds. split Spot deals from asset management giants including BlackRock and Fidelity were approved earlier this year. These products have been hugely successful, managing around $30 billion in less than a year.

Despite the success of ETFs, Bitcoin's price subsequently stalled for much of this year, partly due to regulatory uncertainty surrounding the US presidential election. However, the victory in early November of Donald Trump - Crypto-friendly investors have fueled the new surge. BTC quickly reached a high of $80,000, then $90,000, and finally $100,000 today.

Another driver of the price surge is the increasing institutional and corporate adoption, led by MicroStrategy and its Executive Chairman Michael Saylor. The company began buying Bitcoin in August 2020 and has continued to raise billions of dollars to accumulate more, bringing its holdings to 386,700 tokens, currently worth over $38 billion.

Saylor and his research team have inspired other publicly traded companies such as Semler Scientific (USA) and Metaplanet (Japan) to pursue similar strategies. Even tech giant Microsoft has presented a proposal to its board of directors on whether it should pursue a "Bitcoin treasury" strategy.

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