Bitcoin hits $100k for the first time as bull run continues

• Bitcoin reached the milestone on December 5
• Over the past 30 days, Bitcoin has increased in value by nearly 50% and 140% in YTD value
• It comes as President-elect Donald Trump named Paul Atkins as the next US SEC chair

Bitcoin has reached a new all-time high, hitting $100,000 for the first time, continuing its bull run since the start of November.

On December 5, Bitcoin broke the $100,000 milestone after getting within touching distance of the psychological level on November 22, at over $99,000. Data from CoinMarketCap shows Bitcoin reached more than $103,500 around 04:05 this morning.

At the time of publishing, Bitcoin is trading at around $101,000. Over the past 30 days, the crypto asset has risen nearly 50% in value while its year-to-date value has increased by 140%.

“Bitcoin reaching $100,000 marks a transformative milestone in crypto’s evolving history and signals heightened confidence from savvy retail and institutional investors,” said Meryem Habibi, chief revenue officer of Bitpace, a crypto payment gateway.

Sharing her insight on the implications for retail and institutional adoption to Coinjournal, Habibi added: “This landmark solidifies Bitcoin and many cryptocurrencies as an essential pillar of the global financial ecosystem, driving broader regulatory adoption, use cases and innovation around the world.”

Temujin Louie, CEO of Wanchain, a decentralised interoperability project, said to Coinjournal that Bitcoin’s surge past $100,000 “is far more than a headline-grabbing figure” and that it “highlights the urgency to securely connect all blockchains without sacrificing decentralization.”

“Industry-wide interoperability standards and specifications are now even more crucial,” Louie added. “In the long run, Bitcoin’s value – and the success of blockchain technology as a whole – will be heavily determined by how well we, as an industry, are able to create a seamless multi-chain world.”

Trump’s crypto rally

While there are underlying factors relating to Bitcoin’s price rise, Donald Trump’s presidential victory last month has given the asset a significant push. It also hasn’t hurt Bitcoin that Trump announced pro-crypto Paul Atkins as the next chair of the US Securities and Exchange Commission (SEC).

Trump has also picked hedge fund manager Scott Bessent and Howard Lutnick, CEO of Cantor Fitzgerald, to head the US Secretary of Treasury and Commerce departments.

Taking to X, Michael Saylor, CEO of MicroStrategy, said “there’s going to be a $100k party.”

Earlier this week, Saylor urged Microsoft to adopt Bitcoin saying it represents “digital capital.”