Business
Bitcoin crosses $100k threshold for the first time since launch
Bitcoin, the world’s most valuable cryptocurrency by market capitalisation, reached a threshold of $100,000 on Thursday – the first time in its 15 years history.
The cryptocurrency was launched in January 2009.
Bitcoin reached an all-time high of $103,587 at 5:05am (GMT+1) on Thursday, after closing at $98,318.24 on Wednesday, according to CoinMarketCap, a price-tracking website for crypto assets.
However, Bitcoin has settled at $102,635.02 at 9:14am (GMT+1).
The cryptocurrency market capitalisation has also increased to $3.81 trillion – gaining $477 billion in 24 hours.
A breakdown of the cryptocurrency market capitalisation showed that Bitcoin account for 52.8 percent, while Ethereum, trading at $3,860 (the second largest cryptocurrency), holds 12.1 percent – with other coins sharing the remaining 35.1 percent.
The rise in Bitcoin started on November 5 when Donald Trump, a Republican Party candidate, won the US presidential election, with the digital asset reaching $75,000 the same day.
On November 10, the cryptocurrency crossed $80,000, two days later, it reached $89,000, and on November 13, the bitcoin surged past $92,000.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
