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    HomeCryptocurrenciesBitcoinHistoric: Bitcoin reaches $100 000 for the first time

    Historic: Bitcoin reaches $100 000 for the first time

    The price of bitcoin reached a new all-time high above $100,000 on Thursday morning - the first time the asset has exceeded six figures in US dollars. 

    At this price, bitcoin's market cap is well over $2 trillion, about $1.2 trillion higher than it was at the beginning of the year. 

    November and now December have been the magical months for such achievements. Bitcoin first reached a five-digit value in USD for one ($10,000) on November 28, 2017. It first reached a four-digit value per coin ($1000) on November 27, 2013. 

    Bitcoin's best-performing month historically, on average, is November - especially during or after Bitcoin's halcyon year. Between 2010 and 2024, its average return in that month exceeded 35%. 

    The new milestone proved the analysts at Standard Chartered correct who predicted BTC to reach $100,000 by the end of 2024 as early as last year. 

    In late October, bitcoin surpassed $100,000 Canadian dollars ($CAD) for the first time and reversed the total value of all Canadian dollars just a few weeks later. 

    Bitcoin's total value also reversed that of silver and the asset reached a new all-time high against gold this month.

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