Bitcoin $100K Milestone event
Overview
Bitcoin traded above $100,000 for the first time on 5 December 2024, roughly fifteen years after the network launched. The move capped a year in which the price more than doubled, driven by inflows into the US spot bitcoin ETFs that began trading in January 2024 and by a post-election rally after Donald Trump's win, during which he pledged to make the United States the 'crypto capital of the planet' and to stockpile bitcoin. The milestone was widely treated as a marker of bitcoin's absorption into mainstream institutional portfolios.
Within the DeFi Intel graph, Bitcoin $100K Milestone connects to 3 tracked entities, most strongly to Spot BTC ETF Cumulative Inflows, Bitcoin Price ATH, Chainalysis.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 3 of 3 total).
| Relation | Connected entity | Confidence |
|---|---|---|
contributed-to | Spot BTC ETF Cumulative Inflows | 95% |
constitutes | Bitcoin Price ATH | 95% |
planned | Chainalysis | 50% |
Frequently asked questions
When did bitcoin first trade above $100,000?
On 5 December 2024.
What drove the move?
Sustained inflows into the US spot bitcoin ETFs launched in January 2024, plus a post-US-election rally following pro-crypto pledges from Donald Trump.
How much did bitcoin gain in 2024?
Its price more than doubled over the course of the year, reaching the $100,000 level in early December.
Sources
Facts on this page were verified against the following sources.