Bitcoin hit a jaw-dropping $103,679, smashing records in a fiery climb late Wednesday night. This milestone got the crypto world buzzing, as BTC’s meteoric rise lit up charts with a 6% boost in 24 hours. The king coin, which stood shy at $60K in early October, has now flexed an eye-watering 67% growth in just two months.
Trump’s Comeback and the Bitcoin Ripple
Trump’s recent victory didn’t just shake the political sphere—it sent shockwaves into the crypto markets too. Analysts are betting that his administration might lean toward pro-crypto policies, and traders are eating it up. With whispers of clearer crypto rules and tax breaks, the market sentiment turned bullish fast.
This wasn’t just about hype, though. The rally was already brewing before Trump’s win, as folks scrambled to park cash in assets that laugh in inflation’s face. Bitcoin became a prime pick for hedgers and hodlers alike, turning digital gold into a staple for long-term bets.
Institutional Whales Are Eating
MicroStrategy wasn’t playing small ball either. The corporate Bitcoin hoarder doubled down last month, snagging 15,400 BTC for $1.5 billion. That brings its total stash to a jaw-dropping 402,100 BTC—worth about $40.5 billion. CEO Michael Saylor keeps the pedal to the metal, using every dip as a shopping spree.
And it’s not just MicroStrategy. Nasdaq-listed Acurx Pharmaceuticals dove in, earmarking $1M for Bitcoin as a reserve. Their CEO, David Luci, called it a “strategic treasury move,” hyping Bitcoin’s inflation-proof vibes as their shiny new piggy bank for idle cash.
ETFs Are Fueling the Blaze
Spot Bitcoin ETFs played catalyst, pouring gasoline on the rally fire. Glassnode data showed record-breaking inflows in November, with $6.1 billion flooding these funds. BlackRock’s IBIT fund hogged the spotlight, soaking up $5.4 billion alone. With ETFs bridging Wall Street and crypto, even skeptics are dipping toes.
Bitcoin at six figures? It’s not just a milestone—it’s a statement. The market momentum has flipped the script, and for now, BTC sits as the undeniable heavyweight champ.
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