Business Desk 
Dec 05, 2024
An undated image of Bitcoin. — Pexels
Less than a month after Donald Trump assumed office as the second-time US president in November, Bitcoin bulleted past $100,000 for the first time on Thursday.
For being immensely remarkable, the milestone was even applauded by critics as investors rejoiced in Trump's crypto-friendly US administration which was most sought in order for cryptocurrencies to stabilise and rise past historical records.
Citing data provided by CoinGecko, Reuters reported that the total market value of the most-traded cryptocurrency has more than doubled since the outset of the ongoing year which is now closing in on the $3.8 trillion mark.
If Bitcoin touches the aforementioned figure, the biggest cryptocurrency will pass Apple, the tech giant, which is worth around $3.7tn.
Bitcoin's historical high comes just four weeks after Donald Trump stood tall in the US election, which led to a spate of pro-crypto lawmakers securing seats into Congress.
The publication reported that Bitcoin rose beyond $100,000 on Thursday morning in Asia, followed by its temporary flight to $103,000 and $103,335.
