What factors contributed to Bitcoin breaking through $100,000?
Bitcoin finally broke through the $100,000 mark at the end of 2024, setting a new record. What factors helped BTC achieve this historical breakthrough?
BlockBeats News, December 9th, According to Bloomberg, nearly $10 billion has flowed into US Bitcoin ETFs since Trump was elected President, with people betting that Trump's embrace of the cryptocurrency industry will herald market prosperity.According to data compiled by Bloomberg, more than a dozen funds, including issuers such as BlackRock Inc. and Fidelity Investments, have attracted approximately $9.9 billion in net inflows in the period after the November 5th election day, helping the group's total assets rise to around $113 billion.
BlockBeats News, December 7th, according to on-chain data monitoring, since November 6th, Tether has cumulatively issued an additional 19 billion USDT on the Ethereum and Tron networks.
In history, the U.S. government has vacillated on crypto regulation, and Trump's return may signal a significant policy shift, with the industry hopeful for a more open innovation environment.
The Trump administration's new policies will directly boost the revival of the American manufacturing industry. How will Bitcoin's price respond vigorously to this?