Bitcoin's Price Broke $100,000. What's Next?

Investopedia12-05

Key Takeaways Bitcoin traded above $100,000 for the first time ever amid optimism around the incoming pro-crypto Trump administration.The latest surge comes after Trump picked Paul Atkins to head the ...

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What's Next?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-05 10:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/bitcoin-breaks-usd100-000-what-s-next-8749779><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Takeaways\nBitcoin traded above $100,000 for the first time ever amid optimism around the incoming pro-crypto Trump administration.The latest surge comes after Trump picked Paul Atkins to head the ...</p>\n\n<a href=\"https://www.investopedia.com/bitcoin-breaks-usd100-000-what-s-next-8749779\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSTR","symbol_name":"MicroStrategy","start_time":0,"source_url":"https://www.investopedia.com/bitcoin-breaks-usd100-000-what-s-next-8749779","article_id":"2489992105","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/LZM5BaW3ip4ogWhmVwjWoRikxX8=/8076x5387/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1921756255-4ed31d4aa4fc4eebaf63ec9a6e1e2998.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489992105","pubTimestamp":1733366953,"columns":[],"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Bitcoin traded above $100,000 for the first time ever amid optimism around the incoming pro-crypto Trump administration.The latest surge comes after Trump picked Paul Atkins to head the U.S. Securities and Exchange Commission, a nomination viewed favorably by the crypto industry.Price of bitcoin stumbled in recent days after a strong post-election rally as some investors took profits.Some experts warn of a correction in bitcoin prices due to excessive leverage.Bitcoin  traded above $100,000 for the first time ever in late trading Wednesday.The largest cryptocurrency by market cap touched a new high of $101,419, according to data from TradingView. The most recent price surge came after President-elect Donald Trump nominated pro-crypto Paul Atkins to lead the U.S. Securities and Exchange Commission .Bitcoin had come close to breaching $100,000 in November thanks to a post-election rally, later falling as low as $91,000 amid profit taking.That rally in bitcoin prices had been driven large","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","MSTR":"MicroStrategy","MSTR.AU":"MORNINGSTAR INTL SHARES ACT","BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","BK1611":"加密货币现货ETF","BK4595":"比特币概念","09439":"嘉实比特币-U","09008":"博时比特币-U","BK4588":"碎股","SEC.AU":"SPHERIA EMERGING CO LTD","03008":"博时比特币","03439":"嘉实比特币","BK4596":"哈里斯概念","BK4600":"加密货币概念","09042":"华夏比特币-U","BK4601":"加密货币现货ETF","BK4516":"特朗普概念","03042":"华夏比特币","BK4023":"应用软件"},"translate_title":"比特币的价格突破了10万美元。接下来是什么？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"03042":1,"SEC.AU":1,"MSTR.AU":1,"MSTR":1,"09439":1,"09042":1,"09008":1,"03439":1,"03008":1},"content_text":"Key Takeaways\nBitcoin traded above $100,000 for the first time ever amid optimism around the incoming pro-crypto Trump administration.The latest surge comes after Trump picked Paul Atkins to head the U.S. Securities and Exchange Commission, a nomination viewed favorably by the crypto industry.Price of bitcoin stumbled in recent days after a strong post-election rally as some investors took profits.Some experts warn of a correction in bitcoin prices due to excessive leverage.\n Bitcoin (BTCUSD) traded above $100,000 for the first time ever in late trading Wednesday.\n\n\n The largest cryptocurrency by market cap touched a new high of $101,419, according to data from TradingView. The most recent price surge came after President-elect Donald Trump nominated pro-crypto Paul Atkins to lead the U.S. Securities and Exchange Commission (SEC).\n\n\n Bitcoin had come close to breaching $100,000 in November thanks to a post-election rally, later falling as low as $91,000 amid profit taking.\n\n\n That rally in bitcoin prices had been driven largely by the expectation of more clarity around cryptocurrency regulation and a more crypto-friendly administration since Trump's electoral victory, with investors pouring money into bitcoin alongside crypto-related stocks and exchange-traded funds.\n\n\n  Investor Optimism Continues To Power Bitcoin Prices  \n Investors have cheered news about the incoming administration setting up a cryptocurrency advisory council and, possibly, also a bitcoin strategic reserve. \n\n\n The nomination of Atkins for SEC chair was seen as more good news for the crypto industry after the current leader of the agency, Gary Gensler, announced his departure from the role. Gensler was often criticized by crypto backers for the SEC's enforcement-heavy approach under his leadership.\n\n\n Bitcoin-related stocks have also see gains lately. MicroStrategy (MSTR), which owns over 402,100 bitcoin—worth over $40 billion at current prices—is up more than 540% year-to-date.\n\n\n  A Few Missteps But Bitcoin Bulls Undeterred  \n It had already been a busy year for bitcoin, with the approval of spot bitcoin ETFs and a \"halving\" that slowed down the pace at which new bitcoin are brought into supply. A supply-demand imbalance has helped drive bitcoin prices higher.\n\n\n Still, some experts warn against use of excessive leverage and over-exuberance on the part of investors. Mike Novogratz, CEO of Galaxy Investment Partners, has said he expects bitcoin prices to move back toward $80,000.\n\n\n “The crypto community is levered to the gills, and so there will be a correction,\" he said recently on CNBC.\n\n\n While the cryptocurrency's price tumbled in recent days, bitcoin bulls remained undeterred.\n\n\n In the near term, its price could be propped up by a spate of corporate purchases as bitcoin gains footing as a mainstream investment over the longer term, with sudden price volatility offering buying opportunities.\n\n\n \"One reason bitcoin pullbacks have been so violent in the past is that, every time BTC started to retreat, people would start to worry that it was going to $0. That's now off the table, and there is a growing sea of investors looking for an entry point instead,\" said Bitwise Investment CIO Matt Hougan in a late-November.\n\nDo you have a news tip for Investopedia reporters? 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