{"id":25910,"date":"2024-12-05T05:48:19","date_gmt":"2024-12-05T05:48:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=25910"},"modified":"2024-12-05T05:48:19","modified_gmt":"2024-12-05T05:48:19","slug":"history-bitcoin-reaches-100000-for-the-first-time","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=25910","title":{"rendered":"History: Bitcoin Reaches $100,000 For The First Time"},"content":{"rendered":"<p><span>Bitcoin\u2019s price has claimed a new all-time high above $100,000 on Thursday morning \u2013 the first time the asset has ever cracked six figures in USD value.\u00a0<\/span><\/p>\n<p><span>At this price, Bitcoin\u2019s market capitalization is well above $2 trillion, about $1.2 trillion higher than where it stood at the start of the year.\u00a0<\/span><\/p>\n<p><span>November and now December have been the magic months for similar achievements. Bitcoin first broke through to five figures USD per one ($10,000) on November 28, 2017. It first reached four figures per coin ($1,000) on November 27, 2013.\u00a0<\/span><\/p>\n<p><span>Bitcoin\u2019s best-performing month historically, on average, is November \u2013 particularly during or after a Bitcoin halving year. Between 2010 and 2024, its average returns in this month <\/span><a href=\"https:\/\/experts.bitwiseinvestments.com\/cio-memos\/why-are-septembers-so-terrible\" target=\"_blank\" rel=\"noopener\"><span>exceed 35%<\/span><\/a><span>.\u00a0<\/span><\/p>\n<p><span>The new milestone has proven analysts at Standard Chartered correct, who <\/span><a href=\"https:\/\/cryptopotato.com\/standard-chartered-bank-bullish-on-bitcoin-predicts-rise-to-100000-by-2024-what-about-meme-moguls\/\"><span>predicted<\/span><\/a><span> BTC to reach $100,000 by the end of 2024 as early as last year.\u00a0<\/span><\/p>\n<p><span>In late October, Bitcoin broke beyond $100,000 Canadian dollars ($CAD) for the first time and flipped the total value of all Canadian dollars just a few weeks later.\u00a0<\/span><\/p>\n<p><span>Bitcoin\u2019s total value has also flipped that of silver, and the asset has tapped a new all-time high against gold this month. <\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/history-bitcoin-reaches-100000-for-the-first-time\/\">History: Bitcoin Reaches $100,000 For The First Time<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s price has claimed a new all-time high above $100,000 on Thursday morning \u2013 the first time the asset has ever cracked six figures in USD value.\u00a0 At this price, Bitcoin\u2019s market capitalization is well above $2 trillion, about $1.2 trillion higher than where it stood at the start of the year.\u00a0 November and now [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":25911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25910"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25910"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25911"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}