Bitcoin’s New High
Since the election of the new USA president, the market of digital currencies has surged over 40%, especially bitcoin. It has reached, for the first time, the mark of $100 000 (2.39 mil Czech crowns). It is said that the growth of the bitcoin is driven by optimism surrounding President-elect Donald Trump's pro-crypto stance.At approximately 2:36 CET (Central European Time) the bitcoin passed the mark of $100 000. Even though bitcoin's price often changes a lot, it is going up because more people are investing in it through ETFs and some lawmakers are supporting it. However, its long-term stability remains uncertain, due to the market changes and historical precedent.
The whole value of the market of cryptocurrencies has almost doubled since the last year. Now it stands at about $3,75 billion. Based on the data from an analysis company coingecko.com only bitcoin takes more than a half of that valuation.
Sources:
• https://www.reuters.com/technology/bitcoin-tops-100000-optimism-over-trump-crypto-plans-2024-12-05/• https://ct24.ceskatelevize.cz/clanek/ekonomika/bitcoin-ma-dalsi-rekord-prekonal-hranici-sto-tisic-dolaru-355955• https://www.wsj.com/finance/currencies/bitcoin-price-hits-100000-8ec230a2?st=YixBAf&reflink=article_copyURL_sharePicture 1.,2.
• https://www.coingecko.com/en/global-charts- Adam Štoidl, VIII.A
