Bitcoin's Price Officially Breaks $100,000: 4 Key Drivers Behind the Milestone

 has officially crossed the $100,000 mark, setting new all-time highs. Once dismissed by many as a scam or speculative experiment, Bitcoin has grown to become one of the top 20 most valuable assets globally, with a total market cap nearing $2 trillion. Over the past decade, Bitcoin has undergone one of the most significant perception shifts in financial history, with mass media and institutions reversing their skepticism and embracing its potential. The $100K milestone represents more than just a price point—it’s the result of years of increasing mainstream acceptance. Institutional investors are integrating Bitcoin into their portfolios, Bitcoin ETFs are breaking records, favorable global economic trends are driving demand, and political shifts are creating a more supportive environment. Let’s take a closer look at the key factors behind Bitcoin’s rise to over $100,000.

US Bitcoin ETFs: Validation For Traditional Investors

On January 10th, the SEC granted regulatory approval for 11 U.S. Bitcoin exchange-traded funds (ETFs). While European-listed exchange-traded notes (ETNs) had been available for years, the approval and launch of U.S.-based Bitcoin ETFs marked a pivotal moment for Bitcoin. This milestone not only eliminated significant barriers to entry for traditional investors but also reshaped public perception of Bitcoin as a legitimate and regulated financial asset. Here are some highlights.

Macroeconomic Factors: Bitcoin as a Hedge

Global economic conditions have increasingly positioned Bitcoin as an alternative investment for investors looking to protect and grow their wealth. Traditional investment options like bonds and savings accounts have become less attractive due to a combination of low interest rates, rising inflation, and negative real yields in several major economies. These shifts have driven both retail and institutional investors to view Bitcoin as a hedge against economic instability and a store of value, often referred to as digital gold.

Political Support: A Crypto-Friendly Climate

The political and regulatory climate is increasingly tilting in favor of cryptocurrencies, providing strong momentum for Bitcoin's growth. Governments and policymakers worldwide are recognizing the potential of blockchain technology and digital assets, shifting from skepticism to proactive engagement. These political tailwinds, coupled with regulatory advancements, are fostering a more secure and predictable environment for Bitcoin, boosting investor confidence.

Continued Institutional Adoption: Bitcoin Goes Mainstream

Institutional investors and corporations are driving Bitcoin’s transformation from a niche digital asset to a widely accepted investment and financial tool. Seen as a hedge against inflation, a store of value, and an alternative to traditional financial instruments, Bitcoin’s appeal has surged among major players in the financial world. This growing adoption is a key factor in Bitcoin’s price reaching new highs, underpinned by its integration into treasury strategies, investment portfolios, and payment systems.

Conclusion: Your Opportunity to Join the Bitcoin Momentum

As Bitcoin soars past the $100,000 pricepoint and sets the stage for further growth, there’s no better time to take your trading to the next level. Bybit (powered by SATOS) invites Dutch traders to participate in our 

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This exclusive event is your chance to experience Bybit’s industry-leading VIP Program while capitalizing on Bitcoin’s historic rise. Don’t miss out—

Intermediate

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Bitcoin Officially Breaks $100,000: 4 Key Drivers Behind the Milestone

Ondo Finance has launched a new institutional-grade bridging solution for tokenized real-world assets (RWAs), leveraging LayerZero’s decentralized verifier network (DVN) for enhanced security.

The S&P 500 rose 0.57% to a record high, driven by investor focus on upcoming inflation data, despite concerns over new tariff threats and the Federal Reserve's cautious stance on rate cuts.  Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.60%, with Bitcoin and Ether dropping by 4.08% and 3.27%, respectively in the past 24 hours.

Today's top performer is FTM, which surged 9.9% following Sonic Labs' partnership with OctavFi for advanced on-chain financial management.

Sonic Labs (FTM), founded in 2018, formerly known as Fantom Foundation, supports the development of Sonic, a new layer-1 blockchain designed for fast, efficient transactions and secure connectivity to Ethereum. It focuses on creating decentralized applications and managing governance for the Sonic ecosystem, which is set to launch later in the year. 

 to bring institutional-level financial management, advanced on-chain treasury management, and financial reporting to its protocols.

Check Out the Latest Prices, Charts, and Data of 

 a new institutional-grade bridging solution for tokenized real-world assets (RWAs), leveraging LayerZero’s decentralized verifier network (DVN) for enhanced security. This solution enables seamless transfers of USDY, Ondo’s yield-bearing tokenized US Treasuries, across Ethereum, Arbitrum, and Mantle. The bridging architecture incorporates trusted bridge providers like PolyhedraZK and Axelar, along with Ondo’s own DVN, ensuring secure and decentralized transaction validation. The integration is available now via Ondo’s frontend and Stargate Finance, with support for additional chains planned.

Yesterday, BTC spot ETF flows recorded a total outflow of $122.8M, including $36.1M from GBTC and $86.7M from non-GBTC funds.

Check Out the Latest Prices, Charts, and Data of  

, requiring wallet and social handle registration by Dec 2, 2024, 2 PM UTC. Eligibility criteria include completing 3 transactions across 2 apps on Movement's testnets and finishing Road to Parthenon quests. After TGE, users can claim MOVE tokens on Ethereum Mainnet or Movement Mainnet, with the latter offering a 1.25x multiplier. More airdrop seasons will follow post-mainnet launch.

Beginner

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Ondo Launches Institutional-Grade Bridging for Tokenized RWAs with LayerZero Security

How to Use the Bybit Card to Earn 15% Cashback on Top of All Black Friday Deals

Originally an American tradition, Black Friday has evolved into a global shopping event and is now a significant date in the Dutch retail calendar. In the Netherlands, Black Friday has grown in popularity, with major retailers like Bol.com, Coolblue, MediaMarkt, and Bijenkorf offering deals across a wide range of products.

As a nation known for valuing savings, Black Friday provides an excellent opportunity to stack discounts and maximize value. Bybit's Black Friday Card Promotion adds an extra layer of savings with 

 on both online and offline purchases. Explore how the Bybit Card works, along with practical examples of savings during Black Friday shopping, to make the most of this year’s event.

How Can You Take Part in This Black Friday Promotion?

Joining the Bybit Black Friday Promotion is simple! Follow these steps to start earning 

 ontop of all your Black Friday deals Weekend:

Practical Examples of Savings With Bybit Card

Simply input your Bybit Card details at checkout or use instant payment methods like 

 to complete your online purchases seamlessly. Cashback is automatically applied to your account, making savings effortless.

For offline purchases, use your Bybit Card as a physical card or digitally through 

. As long as the store accepts PIN payments, you’ll earn cashback rewards instantly.

After the Black Friday promotion ends, the Bybit Card reverts to its 

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The Bybit Card is your ticket to maximizing savings on the biggest shopping day of the year. From tech to festive essentials, every purchase becomes more rewarding.

Learn more about the Bybit Card Black Friday Promotion 

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How Can You Use the Bybit Card to Earn 15% Cashback on Top of All Black Friday Deals?

Bitcoin Hits New All-Time Highs: 8 Things Trump Is Saying About Cryptocurrency and What It Means for Bitcoin and Altcoins

With Bitcoin and the total cryptocurrency market cap surging to highs- returning to its 2021 peak—many are attributing this renewed bullish momentum to Donald Trump’s recent U.S. election victory. In this article, we’ll explore 8 key promises and policies Trump has put forth for the sector and the potential impact on both blue chip and meme coin cryptocurrencies.

Donald Trump & Crypto: The Bull Case for The Sector

The newly elected U.S. President, Donald Trump, has outlined a series of plans for the cryptocurrency sector, signaling major shifts in U.S. policy. With the United States accounting for approximately 

, U.S. policy and leadership play a significant role in shaping the sector. Here are eight key takeaways and promises from his proposed initiatives:

These factors collectively contribute to a positive outlook for the cryptocurrency sector under the current administration.

The election outcome has also positively influenced blue-chip cryptocurrencies:

Trump's win has significantly impacted the meme-coin sector. Following the victory,

 surged by 145%, outperforming Bitcoin and Ethereum in growth. This rally reflects heightened speculation that Trump's pro-crypto regulatory stance could indirectly support meme-coins, which are often driven by community engagement and viral appeal. Meme-coins, while volatile, present high-risk, high-reward opportunities, and recent events have drawn increased attention from traders looking to capitalize on this momentum.

Capitalizing on Trump’s Win and Riding the Crypto Wave

With the markets heating up and Bitcoin breaking new all-time highs, are your friends and family asking about how to get started with crypto? Now’s the perfect time to help them dive in—and earn exclusive rewards while you’re at it—with

Bybit Referral Rush: Exclusive Rewards for the Netherlands

During the Referral Rush, Dutch users can invite friends and earn exclusive bonuses alongside the standard Bybit Referral Program rewards:

Get referral rewards and a 30% commission on transactions made by your referees across Spot, Copy Trading, and Bybit Card. Your referees must deposit and trade to qualify.

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Bybit Learn

Bitcoin

Bitcoin halving reduces the reward for mining new blocks, affecting BTC’s scarcity and potentially its price. Learn more about Bitcoin price predictions here.

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, which happens roughly every four years, cuts the reward for mining new blocks in half, reducing the supply of new bitcoins and possibly impacting BTC’s price. The upcoming April 2024 halving has stirred anticipation, given past surges in price following such events. Crypto 

 is bullish and several industry experts project rising prices. What can we expect from the recent Bitcoin price predictions? This article explores the Bitcoin halving event and its potential outcomes, based on expert predictions, while providing practical tips for trading BTC post-halving on Bybit.

Bitcoin halving is a pre-programmed event that occurs after every 210,000 blocks mined (about every four years), reducing the reward for mining new blocks of transactions by half. This process limits the total supply of new Bitcoin and increases its scarcity, which may affect its price and demand.

Why Is Everyone Excited About Bitcoin Halving?

The upcoming Bitcoin halving, expected by April 2024, is sparking excitement in the crypto world.

Why all the hype? Well, it comes down to basic economics: supply and demand. Right now, miners receive 

 for every block they mine, but after the halving, that reward will be cut to 3.125 bitcoins. 

Basic economic theory applies: when an asset’s supply decreases, and the demand remains the same or increases, its price rises. After past halving events, Bitcoin's price has typically risen.

For instance, after the first halving in 2012, the price of Bitcoin soared from about $12.20 to over $1,000 in 2013. Then, after the second halving in 2016, its price went from around $650 to almost $20,000 in 2017. More recently, after the third halving in 2020, Bitcoin's price shot up from around $9,000 to over $57,000 in 2021.

Nevertheless, it's not just about the price. Bitcoin halving also points out what makes Bitcoin unique: unlike regular (fiat) money, which governments can print on a whim, Bitcoin has a set limit of 21 million coins that will ever exist. This scarcity, combined with its decentralized nature, makes it different from traditional currencies. With each halving, the rate at which Bitcoin is being created decreases. Bitcoin becomes scarcer, reinforcing its status as a unique form of money independent of any central authority.

Bitcoin's price has been soaring lately, thanks to the positive vibes around the newly approved 

. It's been quite a ride, with the crypto spiking 

 since the beginning of the year and crossing the 

 mark. While its price did briefly surpass its record high of $69,000, set back in November 2021, on Mar 5, 2024, Bitcoin’s price has since dropped, and is currently hovering around $65,000. Now users are hoping it will once again hit and surpass its all-time high.

With the imminent halving event, market experts are anticipating even more price boosts for Bitcoin.

Post-Bitcoin Halving Price Prediction: 3 Potential Outcomes

Bitcoin price action often resembles a roller coaster. Predicting its future performance is no easy task.

Although many believe that the Bitcoin halving will be positive for prices, it's important to remember that nothing is certain.

There are plenty of factors at play, such as institutional adoption, regulation, competition and unexpected events that can sway market sentiment.

Bitcoin could soar to new heights, just as it did after previous halving events. This outcome would mean a surge in demand and in its price, possibly exceeding $100,000 or even $200,000. While this would be great news for Bitcoin holders, it would also mean more volatility and risk in the crypto world.

A second possible scenario would see Bitcoin chugging along steadily with moderate growth or stability. This outcome would mean that the upcoming halving didn't shake things up too much, and that the market had already priced in the event. Bitcoin could trade around $50,000 or $60,000. It's not as thrilling as a 

On the flip side, Bitcoin could take a tumble after the halving. This drop could occur if the reduced block reward makes mining less profitable, or if there are negative news developments or regulatory issues. Some analysts even warn of prices dropping below $42,000. Obviously, this would be tough for Bitcoin holders, but it could also present opportunities for those looking to buy at lower prices.

Bullish Post-Bitcoin Halving BTC Price Prediction

This outcome seems most probable, due to several key factors: the historical connection between Bitcoin halving events and price surges, growing interest from institutional investors and the limited supply of new bitcoins.

Experts and analysts suggest that Bitcoin will likely continue its upward trend after the next halving in 2024. Looking at past data, Bitcoin's price typically sees a slight rise leading up to a halving and significant increase afterward. A 

 supports this sentiment, with 84% of respondents expecting Bitcoin to surpass its all-time high following the halving — especially investors in the MENA (Middle East and North Africa) region.

If Bitcoin does surge after the halving, 

 as a preferred store of value would continue. 

New highs might even attract more investors, including hedge funds, banks, corporations and governments, all of them looking to diversify their portfolios and hedge against inflation. This surge could stimulate further innovation and adoption of 

However, owning Bitcoin means you’re bound to face risks. Regulatory hurdles, technical issues, security breaches, market manipulation, environmental concerns and competition from other cryptocurrencies are all factors that could impact its post-halving performance.

Optimal BTC Trading Strategy: Breakout Trading

To capitalize on rising Bitcoin prices, you can use the 

 strategy, which captures significant price movements by pinpointing crucial levels of support and resistance. The idea is to anticipate a breakout from these levels, in the hope that when the asset's price breaks out of a trading range, it will likely continue moving in that direction. 

 and confirmation techniques to identify potential breakouts, and enter trades accordingly. This strategy is versatile and applicable across different markets and time frames. However, traders must be mindful of false breakouts and market noise.

Identify a horizontal resistance level and an upward-sloping support trend line on the BTC price chart, forming an 

 that suggests a potential bullish breakout. 

You can use technical indicators such as 

, Donchian Channels and volume to confirm a breakout. Look for confirmation through high volume, price and time when the price breaks above the resistance level.

Enter a long position at the breakout point, and set a 

 to mitigate potential losses. Alternatively, you can wait for a pullback to a support level, and enter a long position there.

Consider the triangle's height for setting a profit target, or use 

 orders to ride the trend for as long as possible. This strategy offers an approach that takes advantage of potential upward movements in BTC's price.

Bearish Post-Bitcoin Halving BTC Price Prediction

Another potential outcome of the next Bitcoin halving is a significant drop in BTC’s price, either before or after the event. 

Since halving reduces the block reward, it makes mining less profitable for some miners, especially those with high electricity costs or outdated equipment. This reduction in reward might induce some miners to exit the market, decreasing the network's 

 and security. It could also heighten the risk of a 

, in which a malicious entity controls over half of the network's computing power and can theoretically manipulate transactions.

The halving could also create selling pressure, as investors decide to take profits or cut losses before or after the event. Sales could trigger a negative feedback loop in which lower prices prompt more selling, and vice versa.

If the halving coincides with negative news or regulatory problems such as hacks, 

, bans or lawsuits, it could undermine confidence in Bitcoin and expose it to legal and operational risks.

While a significant price drop would be tough for Bitcoin holders, it could also present the following opportunities:

Optimal BTC Trading Strategy: Short Selling

 can be a viable trading strategy in a bearish market following a Bitcoin halving. This approach involves selling an asset without first owning it. Short selling allows traders to profit from the downward trend of the market, as well as hedge against the risk of holding Bitcoin in a bear market.

 pair for trading, representing Bitcoin's price in USDT. Set up your short position details, including limit order price, order value and 

, with caution as higher leverage increases risk. Use the sell short option with take profit and stop loss to define your exit strategy, setting trigger prices in USDT or as a percentage of the entry price. 

Confirm your order and monitor your position details, including entry price, unrealized profit and loss, margin, liquidation price and funding rate, which determines fees every eight hours, based on market conditions.

Neutral Post-Bitcoin Halving BTC Price Prediction

A neutral impact is possible because the Bitcoin halving may not have a significant short-term impact on Bitcoin's supply and demand. Although the creation of new bitcoins may slow, the existing supply remains available for trading. If the market anticipates the halving and adjusts prices accordingly, the demand for Bitcoin might not change drastically after the event. 

A stable price could reduce Bitcoin's volatility and risk, making it more appealing to both institutional and retail investors. In turn, this could encourage more innovation and development within the Bitcoin ecosystem, shifting focus from speculation to utility. Additionally, a neutral price reaction might limit the impact on miners, who would be dealing with lower rewards and higher costs. 

Overall, a neutral price post-halving could indicate Bitcoin's maturation as a digital asset, demonstrating increased resilience to external shocks.

Optimal BTC Trading Strategy: Dollar-Cost Averaging

In a neutral market after a Bitcoin halving, dollar-cost averaging (

) becomes a viable trading strategy. This method involves purchasing a fixed amount of Bitcoin at regular intervals, regardless of price fluctuations. The goal is to minimize the impact of volatility, and spread out the cost of entry over time.

DCA is a straightforward and effective approach to accumulating Bitcoin, obviating the need to time the market. It also helps investors steer clear of emotional decisions that could be driven by fear or greed. 

 or other supported fiat or cryptocurrencies into your Spot account. Then, transfer funds to your Derivatives account for trading BTC 

 contracts with leverage. Choose between 

 contracts, based on your preference and risk tolerance.

 pair. Analyze the market using charts, indicators and different order types.

Enter your position using a limit, market or conditional order, being cautious with leverage. Set levels for taking profit and limiting losses, either as absolute values or percentages of your entry price. You can manage your position manually or with automation tools.

Continually buy BTC at fixed intervals, regardless of price fluctuations, to average out your cost over time. Automation platforms such as Mudrex or Skilling™ can help with this.

Monitor your position and account performance using the dashboard and profit/loss analysis. Keep an eye on the funding rate and mark price, both of which affect your profits and losses.

Hold your position until you reach your target return or duration, or if significant market changes occur.

Purchasing BTC Through Bybit Discount Buy

 lets you purchase BTC at a lower price than the market rate on the settlement date, provided it doesn't exceed a specific threshold known as the Knockout Price. Here's how to use it:

Navigating Bitcoin trading post-halving requires careful consideration of several factors. Whether you're bullish, bearish or neutral on Bitcoin's prospects, you can tailor your strategies to each scenario. From capitalizing on technical trends to leveraging short-selling or dollar-cost averaging, Bybit offers a range of tools to execute your trading plan effectively.

Remember that while the upcoming Bitcoin halving event will ignite considerable excitement, prudent 

 remains key in the volatile world of crypto trading.

Bitcoin Price Prediction: How to Trade BTC After Bitcoin Halving

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