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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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 

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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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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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Bybit Learn

Live ICYMI

In our latest Learn 101 livestream session, we gathered an esteemed panel of crypto experts to share insights on how to trade meme coins. Learn more here.

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As the cryptocurrency market experiences a robust 

 have emerged not just as playful investments but as trading opportunities that can yield substantial returns. This burgeoning sector, powered by social media influence and community hype, has prompted many to master the art of trading these volatile yet potentially lucrative assets.

, we uncovered the trading strategies employed by meme coin millionaires, revealing how they leverage 

 and community-driven momentum to capitalize on these unique digital currencies. 

 livestreams, supplying you with comprehensive expertise and insights from leading figures in the crypto industry in case you missed the livestream.

Joining the livestream on Jun 6, 2024 were three distinguished guests: 

), web3 addict; and Dirk Pennings, web3 enthusiast. Under the moderation of Sabrina Chua, Crypto Evangelist and SEO Editor at Bybit, this episode explores how the intricacies of meme coin trading could be your gateway to significant gains.

The opening segment of our livestream delved into the strategies essential for trading meme coins, whereby technical analysis meets keen community engagement. Anders highlighted the significance of early detection in identifying promising meme coins. He shared his unique four-step process, which begins with assessing the community's engagement and the coin's visibility. Notably, he shared a distinctive approach that involves using Google Keyword Planner to determine the search volume for a coin, emphasizing, "If there are between 100 and 1,000 searches, I’ll move to the next step and do more in-depth analysis of the coin."

Anders also stressed the necessity of verifying whether a coin is a honeypot in order to avoid scams, reflecting his thorough due diligence process. His strategy is designed to gauge both the initial hype and the sustainable interest in a coin, crucial for long-term investment decisions.

Aldo contributed his expertise in technical analysis, specifically on the importance of understanding 

 levels. He explained, "A lot of these meme coins, some of them go up and then they go all the way to zero. But some of them go down a lot by 70 to 80%, [and] hit off major kinds of support" before potentially rising again. 

 to identify potential support and resistance levels during price fluctuations. Aldo also likened trading meme coins to gambling, due to their unpredictability, and warned of risks such as "

 and other shady stuff," advocating for caution among traders.

Anders and Aldo’s insights provided a comprehensive look at the tactical approaches to trading meme coins, blending rigorous analysis with practical tools and cautionary advice to help you navigate this volatile segment of the cryptocurrency market.

In this hands-on session, panelists demonstrated live how they analyze current meme coins. 

Anders began by explaining his approach to gauging community interest and market dynamics, emphasizing the critical role of community size in predicting price movements: “If it’s a big community, the price will usually go up. But I also track the buying pressure and selling pressure like a hawk.” He noted the importance of maintaining a balance in which "buying pressure needs to be a bit above selling pressure,” which typically leads to an increase in price. 

In addition, Anders introduced viewers to advanced AI-based tools he employs — specifically, 

, which help him analyze these market pressures more effectively.

 coin (PEPE), noting, "For technical analysis, you don’t want to just look at one individual thing.” He showcased ways to identify support and resistance zones and interpret 

 indicators, highlighting conditions that signal overbought or oversold states. Aldo also demonstrated the use of the Fibonacci tool, which he finds particularly useful, "especially when you’re in price discovery mode," for providing practical insights into predicting potential price movements.

The Importance of Networking and Risk Management

Pennings offered a different perspective, focusing on the significance of networking within the crypto community: "Fibonacci levels and RSI are both very good indicators, but in my opinion, there’s one more thing that’s more important — network or connections." He described how well-connected individuals often have early access to promising meme coin projects, which can lead to rapid price increases. He stressed the importance of being proactive in the community to gain valuable insights and opportunities: “A big part of crypto is who you know, and if you know the right people, you can be very early in the meme coin projects.”

On the topic of risk management, Pennings shared personal lessons on the importance of preserving capital: “If I’m up 200%, I always take my initial amount out of the token, and I just let it ride so that I don’t have any risk anymore." He pointed out that successful crypto trading isn't just about making profits, but more importantly, about not losing money. This approach allows him to safeguard his investments, while at the same time potentially reaping the benefits of further market movements.

The session wrapped up with a lively Q&A in which the audience posed incisive questions to the experts, probing deeper into their strategies and decision-making processes. 

 livestream effectively demystified the volatile yet intriguing world of meme coin trading, providing attendees with a wealth of knowledge from seasoned experts. Our panelists — Aldo, Anders and Pennings — shared invaluable insights into both the analytical and social aspects of trading, highlighting the unique blend of technical savvy and community engagement required to succeed in this niche market. The diverse strategies and perspectives that were shared showed that trading meme coins, while risky, can be potentially lucrative if approached with informed strategies and cautious optimism. 

For those interested in deeper dives and more technical discussions, you can check out our 

 that offers you a chance to participate in our pop quiz and earn a share of a 1,000,000 PEPE prize pool. The event period is through Jun 13, 2024, 12PM UTC. In the meantime, stay tuned for more discussions on the dynamic world of cryptocurrencies — and don't miss our next session on Jun 20, 2024, 8AM UTC, when we dive into the 

Learn Live ICYMI: Unlock Meme Coin Millionaires’ Secrets

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards