Bitcoin Crosses $100,000 event
Overview
On December 4-5, 2024, bitcoin surpassed $100,000 for the first time, breaking the barrier late on December 4 Eastern Time and climbing further the next day. The milestone followed a steep rally after the US election, fueled by anticipated pro-crypto policies from the incoming Trump administration and demand from US spot bitcoin ETFs introduced earlier in 2024. The $100,000 mark had been seen as a psychological milestone for the cryptocurrency, and the event received extensive coverage from mainstream financial and general media.
Within The Counterparty graph, Bitcoin Crosses $100,000 connects to 1 tracked entity, most strongly to Bitcoin (BTC).
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | Bitcoin (BTC) | 95% |
Frequently asked questions
What is Bitcoin Crosses $100,000?
Bitcoin Crosses $100,000 is an event tracked in The Counterparty knowledge graph. It is connected to 1 other tracked entity, most strongly to Bitcoin (BTC).
What type of entity is Bitcoin Crosses $100,000?
Bitcoin Crosses $100,000 is classified as an event (event) in The Counterparty knowledge graph.
What is Bitcoin Crosses $100,000 connected to?
In The Counterparty knowledge graph, Bitcoin Crosses $100,000 is linked to 1 other tracked entity, most strongly to Bitcoin (BTC).
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.