The Bitcoin rate approached $100 thousand.

Bitcoin approached the $100 thousand mark for the first time in history. The growth began after Donald Trump’s victory in the US elections. Trump supports the crypto industry and plans changes in government policy.

Fundamental Growth Factors

• Growing Bitcoin shortage due to halving.
• The cyclical nature of the crypto market, which is experiencing a bullish period.
• Large companies continue to purchase bitcoins.

Trump's crypto policy

• Trump plans to replace the head SEC Gary Gensler.
• Candidates for key positions are being discussed, including the head of the SEC.
• Leading crypto players are vying for a spot on Trump's new advisory council.

Positive news agenda

BlackRock is highlighting Bitcoin over traditional assets. Record trading turnover in Bitcoin exchange-traded funds. Trading altcoins is becoming more difficult, their growth is isolated from memcoins.

Forecasts and expectations

Reaching the $100 thousand level will not have a significant impact on the market. Bitcoin's rise creates opportunities for altcoins to rise. A consolidation above $100 thousand may support alternative cryptocurrencies.

Volatility and Outlook

A breakout of the $100K level could increase market volatility. Members of the crypto community have been waiting for this level since 2021. The implementation of Trump's plans could worsen the Bitcoin shortage and cause new highs.