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

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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?

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Practical Examples of Savings With Bybit Card

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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

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Crypto Insights

This well-curated report by Bybit examines the current landscape of restaking and liquid restaking, examines the development of market players, and illuminates the risks associated with it.

Download the Full Report Here (Bybit Restaking Report)

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EigenLayer is the leader of native restaking, while new players such as Symbiotic are anticipated to foster intense competition.

In the ever-evolving world of decentralized finance (DeFi), a new trend is quickly gaining traction, poised to reshape the industry's landscape in 2024 - the rise of restaking. Pioneered by the innovative protocol EigenLayer, restaking builds upon the foundation of traditional staking, taking it to new heights by allowing users to secure and validate multiple blockchain networks simultaneously.

This comprehensive report delves deep into the key developments and dynamics shaping the restaking space, providing a thorough understanding of this groundbreaking DeFi mechanism and its potential impact on the industry.

The Foundations of Staking and Liquid Staking

To fully grasp the significance of restaking, we first explore the core concepts of staking and liquid staking. Staking is the backbone of proof-of-stake (PoS) blockchains, where token holders can participate in the network's consensus and validation processes by locking (staking) their tokens. In return, these validators are incentivized through staking rewards, while also facing the risk of penalties (slashing) for any malicious behavior.

The advent of liquid staking has further revolutionized the staking landscape, addressing the inherent illiquidity and high entry barriers associated with native staking. Liquid staking platforms, such as the industry leader Lido, allow users to stake their assets while maintaining their liquidity, as they receive liquid staking tokens (LSTs) in return, which can be deployed across various DeFi protocols.

The Rise of Restaking: Redefining the Staking Paradigm

Building upon the foundations of staking and liquid staking, restaking emerges as the latest innovation in the DeFi space. Pioneered by EigenLayer, restaking takes the concept a step further by enabling users to repurpose their already-staked assets to secure and validate the networks of other protocols simultaneously, a process known as rehypothecation.

This novel approach not only enhances capital efficiency but also fosters a shared crypto-economic security base across the DeFi ecosystem. Restakers are incentivized with additional rewards, while also facing stricter slashing conditions to bolster the overall network security.

The Competitive Landscape: EigenLayer's Dominance and the Liquid Restaking Ecosystem

The restaking industry is still in its nascent stage, with EigenLayer firmly establishing itself as the undisputed leader. Since the launch of its mainnet in June 2023, EigenLayer has experienced staggering growth, reaching a TVL of nearly $19 billion, making it the second-largest DeFi protocol after Lido.

However, the liquid restaking landscape is more diverse, with over a dozen platforms vying for market share. Platforms like ether.fi and Renzo are offering user-friendly, one-click solutions that cater to those seeking a more streamlined restaking experience, compared to the technical complexities involved in native restaking on EigenLayer.

The anticipated launch of Symbiotic, a new player in the restaking space, is expected to foster even more intense competition within the industry. As the fifth-largest sector in DeFi, the restaking landscape is poised for significant growth and evolution, with potential risks and challenges yet to be fully explored and addressed.

This report delves into the intricacies of the restaking ecosystem, providing readers with a comprehensive understanding of this transformative DeFi trend and its potential impact on the industry's landscape in 2024 and beyond.

Redefining DeFi's 2024 Landscape: The Rise of Restaking

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