Bitcoin's Price Officially Breaks $100,000: 4 Key Drivers Behind the Milestone

 has officially crossed the $100,000 mark, setting new all-time highs. Once dismissed by many as a scam or speculative experiment, Bitcoin has grown to become one of the top 20 most valuable assets globally, with a total market cap nearing $2 trillion. Over the past decade, Bitcoin has undergone one of the most significant perception shifts in financial history, with mass media and institutions reversing their skepticism and embracing its potential. The $100K milestone represents more than just a price point—it’s the result of years of increasing mainstream acceptance. Institutional investors are integrating Bitcoin into their portfolios, Bitcoin ETFs are breaking records, favorable global economic trends are driving demand, and political shifts are creating a more supportive environment. Let’s take a closer look at the key factors behind Bitcoin’s rise to over $100,000.

US Bitcoin ETFs: Validation For Traditional Investors

On January 10th, the SEC granted regulatory approval for 11 U.S. Bitcoin exchange-traded funds (ETFs). While European-listed exchange-traded notes (ETNs) had been available for years, the approval and launch of U.S.-based Bitcoin ETFs marked a pivotal moment for Bitcoin. This milestone not only eliminated significant barriers to entry for traditional investors but also reshaped public perception of Bitcoin as a legitimate and regulated financial asset. Here are some highlights.

Macroeconomic Factors: Bitcoin as a Hedge

Global economic conditions have increasingly positioned Bitcoin as an alternative investment for investors looking to protect and grow their wealth. Traditional investment options like bonds and savings accounts have become less attractive due to a combination of low interest rates, rising inflation, and negative real yields in several major economies. These shifts have driven both retail and institutional investors to view Bitcoin as a hedge against economic instability and a store of value, often referred to as digital gold.

Political Support: A Crypto-Friendly Climate

The political and regulatory climate is increasingly tilting in favor of cryptocurrencies, providing strong momentum for Bitcoin's growth. Governments and policymakers worldwide are recognizing the potential of blockchain technology and digital assets, shifting from skepticism to proactive engagement. These political tailwinds, coupled with regulatory advancements, are fostering a more secure and predictable environment for Bitcoin, boosting investor confidence.

Continued Institutional Adoption: Bitcoin Goes Mainstream

Institutional investors and corporations are driving Bitcoin’s transformation from a niche digital asset to a widely accepted investment and financial tool. Seen as a hedge against inflation, a store of value, and an alternative to traditional financial instruments, Bitcoin’s appeal has surged among major players in the financial world. This growing adoption is a key factor in Bitcoin’s price reaching new highs, underpinned by its integration into treasury strategies, investment portfolios, and payment systems.

Conclusion: Your Opportunity to Join the Bitcoin Momentum

As Bitcoin soars past the $100,000 pricepoint and sets the stage for further growth, there’s no better time to take your trading to the next level. Bybit (powered by SATOS) invites Dutch traders to participate in our 

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Bitcoin Officially Breaks $100,000: 4 Key Drivers Behind the Milestone

Ondo Finance has launched a new institutional-grade bridging solution for tokenized real-world assets (RWAs), leveraging LayerZero’s decentralized verifier network (DVN) for enhanced security.

The S&P 500 rose 0.57% to a record high, driven by investor focus on upcoming inflation data, despite concerns over new tariff threats and the Federal Reserve's cautious stance on rate cuts.  Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.60%, with Bitcoin and Ether dropping by 4.08% and 3.27%, respectively in the past 24 hours.

Today's top performer is FTM, which surged 9.9% following Sonic Labs' partnership with OctavFi for advanced on-chain financial management.

Sonic Labs (FTM), founded in 2018, formerly known as Fantom Foundation, supports the development of Sonic, a new layer-1 blockchain designed for fast, efficient transactions and secure connectivity to Ethereum. It focuses on creating decentralized applications and managing governance for the Sonic ecosystem, which is set to launch later in the year. 

 to bring institutional-level financial management, advanced on-chain treasury management, and financial reporting to its protocols.

Check Out the Latest Prices, Charts, and Data of 

 a new institutional-grade bridging solution for tokenized real-world assets (RWAs), leveraging LayerZero’s decentralized verifier network (DVN) for enhanced security. This solution enables seamless transfers of USDY, Ondo’s yield-bearing tokenized US Treasuries, across Ethereum, Arbitrum, and Mantle. The bridging architecture incorporates trusted bridge providers like PolyhedraZK and Axelar, along with Ondo’s own DVN, ensuring secure and decentralized transaction validation. The integration is available now via Ondo’s frontend and Stargate Finance, with support for additional chains planned.

Yesterday, BTC spot ETF flows recorded a total outflow of $122.8M, including $36.1M from GBTC and $86.7M from non-GBTC funds.

Check Out the Latest Prices, Charts, and Data of  

, requiring wallet and social handle registration by Dec 2, 2024, 2 PM UTC. Eligibility criteria include completing 3 transactions across 2 apps on Movement's testnets and finishing Road to Parthenon quests. After TGE, users can claim MOVE tokens on Ethereum Mainnet or Movement Mainnet, with the latter offering a 1.25x multiplier. More airdrop seasons will follow post-mainnet launch.

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Ondo Launches Institutional-Grade Bridging for Tokenized RWAs with LayerZero Security

How to Use the Bybit Card to Earn 15% Cashback on Top of All Black Friday Deals

Originally an American tradition, Black Friday has evolved into a global shopping event and is now a significant date in the Dutch retail calendar. In the Netherlands, Black Friday has grown in popularity, with major retailers like Bol.com, Coolblue, MediaMarkt, and Bijenkorf offering deals across a wide range of products.

As a nation known for valuing savings, Black Friday provides an excellent opportunity to stack discounts and maximize value. Bybit's Black Friday Card Promotion adds an extra layer of savings with 

 on both online and offline purchases. Explore how the Bybit Card works, along with practical examples of savings during Black Friday shopping, to make the most of this year’s event.

How Can You Take Part in This Black Friday Promotion?

Joining the Bybit Black Friday Promotion is simple! Follow these steps to start earning 

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Practical Examples of Savings With Bybit Card

Simply input your Bybit Card details at checkout or use instant payment methods like 

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For offline purchases, use your Bybit Card as a physical card or digitally through 

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After the Black Friday promotion ends, the Bybit Card reverts to its 

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The Bybit Card is your ticket to maximizing savings on the biggest shopping day of the year. From tech to festive essentials, every purchase becomes more rewarding.

Learn more about the Bybit Card Black Friday Promotion 

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How Can You Use the Bybit Card to Earn 15% Cashback on Top of All Black Friday Deals?

Bitcoin Hits New All-Time Highs: 8 Things Trump Is Saying About Cryptocurrency and What It Means for Bitcoin and Altcoins

With Bitcoin and the total cryptocurrency market cap surging to highs- returning to its 2021 peak—many are attributing this renewed bullish momentum to Donald Trump’s recent U.S. election victory. In this article, we’ll explore 8 key promises and policies Trump has put forth for the sector and the potential impact on both blue chip and meme coin cryptocurrencies.

Donald Trump & Crypto: The Bull Case for The Sector

The newly elected U.S. President, Donald Trump, has outlined a series of plans for the cryptocurrency sector, signaling major shifts in U.S. policy. With the United States accounting for approximately 

, U.S. policy and leadership play a significant role in shaping the sector. Here are eight key takeaways and promises from his proposed initiatives:

These factors collectively contribute to a positive outlook for the cryptocurrency sector under the current administration.

The election outcome has also positively influenced blue-chip cryptocurrencies:

Trump's win has significantly impacted the meme-coin sector. Following the victory,

 surged by 145%, outperforming Bitcoin and Ethereum in growth. This rally reflects heightened speculation that Trump's pro-crypto regulatory stance could indirectly support meme-coins, which are often driven by community engagement and viral appeal. Meme-coins, while volatile, present high-risk, high-reward opportunities, and recent events have drawn increased attention from traders looking to capitalize on this momentum.

Capitalizing on Trump’s Win and Riding the Crypto Wave

With the markets heating up and Bitcoin breaking new all-time highs, are your friends and family asking about how to get started with crypto? Now’s the perfect time to help them dive in—and earn exclusive rewards while you’re at it—with

Bybit Referral Rush: Exclusive Rewards for the Netherlands

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Get referral rewards and a 30% commission on transactions made by your referees across Spot, Copy Trading, and Bybit Card. Your referees must deposit and trade to qualify.

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 Earn 20 USDT for every successful Bybit Card referral.

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The year 2023 was an eventful one for crypto, with exciting highlights and not-so-great moments. Stepping into 2024, it's hard to tell what the future will hold for cryptocurrency, even though experts predict a potential bull run based on specific trends and upcoming events. However, it's too early to tell with certainty. 

Here are some of the significant trends and developments that could shape the future of digital money.

Why Does Crypto Have a Bullish Outlook for 2024? 

Crypto’s future looks promising in 2024 for a few key reasons. First off, potential approval looms for a Bitcoin spot ETF. The U.S. Securities and Exchange Commission (SEC) has 

 its decision on proposals for spot Bitcoin ETFs from BlackRock and other major entities until January 10, 2024. A Bitcoin spot ETF would make it easier for more investors to get into Bitcoin without needing their own digital wallets, likely boosting its demand and value. 

 expected in April this year could make Bitcoin even rarer and more valuable. This event happens every four years and cuts the creation of new Bitcoin in half, potentially pushing prices higher. 

Also, there's a growing interest in regulating crypto. If laws are put in place by the U.S. Congress and other regulators this year, it could bring more stability and credibility to the crypto world, protecting investors and encouraging more innovation and acceptance.

What Does the End of the U.S. Interest Rate Hike Mean for Crypto? 

 interest rate hikes and is considering lowering interest rates in 2024. This move could affect the crypto market in several ways. Firstly, it's likely to spark increased interest in riskier assets like cryptocurrencies and related stocks because they offer higher returns than traditional investments. The excitement surrounding Bitcoin ETFs and the upcoming halving will likely intensify this trend. 

, such as treasuries, may slow as these investments become less attractive due to lower interest rates. Instead, investors may turn to decentralized finance (DeFi) platforms that allow them to earn better returns by lending and borrowing using crypto assets. 

Generally, lower interest rates could be good news for the crypto market. Cryptocurrencies may be seen as a way to protect against inflation and currency devaluation, especially as they have limited supply and are not controlled by any central authority. This sentiment makes them an appealing option in a low-interest-rate environment.

Key Events and Trends That Could Be Game Changers for Crypto 

Besides macroeconomic and industry factors, specific events and trends may impact the crypto market in 2024.

 is a process that happens every four years, and it reduces the reward for mining new Bitcoin blocks by half. The next halving is expected to take place in April 2024. This event is important because it can have a big impact on the supply and demand of Bitcoin, which in turn affects its price. 

In the past, after halving, there has been an increase in the value of Bitcoin because the supply of new Bitcoin gets reduced, making it more valuable. However, it's difficult to predict exactly what will happen this time, as it depends on factors like the mining difficulty, the hash rate, 

 and competition from other cryptocurrencies.

Circle Internet Financial, LLC (issuer of USDC stablecoin) is a crypto platform that offers trading, lending, borrowing, staking, and earning services. A Bloomberg report 

 the company is considering going public in 2024, meaning it will become publicly traded. This move aims to encourage the widespread use of cryptographic stablecoins, which are more stable than other cryptocurrencies. 

This widely anticipated IPO is expected to bring more credibility and visibility to the world of cryptocurrencies and attract more investors and users to the platform. However, going public can also bring challenges like regulatory scrutiny, market volatility, and competition from other platforms.

 upgrade is a major upgrade to its network that aims to make it faster, more secure, and more eco-friendly. Set to launch in early 2024, this upgrade will introduce “Proto-Danksharding,” which will reduce fees for layer 2 rollups and increase available data storage space. If successful, Dencun could make Ethereum more efficient and affordable for users while also reducing its energy consumption. 

Still, the upgrade faces challenges such as the intricate engineering involved, the need for efficient coordination and communication among the developers and the community, the possibility of encountering bugs and vulnerabilities during the testing and deployment phase, and the unpredictable and fluctuating nature of the cryptocurrency market.

Following its collapse in 2022, the popular crypto exchange FTX has been involved in several 

. Individuals, other companies and government agencies have accused FTX of market manipulation, fraud, money laundering, unfair competition and breaking securities laws. The outcome of these cases could significantly affect the regulation and operation of digital currencies, and how people buy and sell them.

Crypto events are gatherings where people interested in cryptocurrency get together to share their experiences, insights, and ideas about the industry. These events can take place both online and offline, and they could either be formal or informal, covering different topics like technology, business, education, and entertainment. 

Some of the most notable events in 2024 include 

, the biggest and most influential crypto conference in the world; 

, the yearly Ethereum developer conference; and 

, the year’s foremost annual Bitcoin event. Crypto events positively affect the industry because they help founders, developers, investors, brands, policymakers, and more make connections, learn new things, work together, and develop new ideas.

Institutional adoption is when large and established organizations like companies, banks, and governments use cryptocurrencies more. It's expected that this trend will continue in 2024. This development is good for cryptocurrencies because these organizations will push more funds into the crypto ecosystem, boosting liquidity and market stability. 

The involvement of institutions in crypto will also drive the growth of relevant infrastructure to support their activities. Custody solutions, exchanges and compliance frameworks will continue to evolve, fostering greater trust and adoption.

Crypto regulations are rules and standards controlling how people use digital currencies like Bitcoin, Ethereum, etc. These rules cover taxation, licensing, reporting, and following specific guidelines. The regulations around crypto can either help the industry grow by providing clarity, safety, and incentives to users or make it harder for people to use by creating barriers and penalties. 

Some examples of crypto rules that might happen in 2024 include the U.S. government passing the so-called 

, so people don't have to pay capital gain taxes on small crypto transactions. The European Union could also implement the 

, creating a set of rules that apply to all countries in the union. However, on the downside, the Chinese government's 

 on all crypto activities within its border, including mining, trading and holding, could remain firmly in place.

NFT and Web3 Ordinals Making a Huge Comeback

Non-fungible tokens (NFTs) are digital assets that allow creators to claim ownership of their digital content, such as art, music, and even real estate. NFTs are reshaping how people own and value digital assets and are set to become mainstream in the next few years. 

Although the value of NFTs took a hit after the 2021-2022 boom, there is promising news that they might make a comeback, especially on the Bitcoin network. Bitcoin is becoming a popular platform for NFTs, and has seen a sharp rise in daily transactions. These 

 (NFTs on the Bitcoin network) have seen a spike in daily transactions, hitting a 

 trading volume in December 2023. With the increasing competition and innovation in the NFT market, the crypto and web3 space is expected to experience exciting changes this year.

 is the process of making new bitcoins by solving complicated math problems. This process also secures the Bitcoin network and verifies transactions. However, mining demands a lot of electricity and computing power, which can be a problem for the environment and the future of cryptocurrencies.

To address these concerns, many miners now use renewable energy sources like wind, solar, and water power to generate electricity for their mining activities. Some miners also use a byproduct of oil and gas extraction called stranded gas to mine Bitcoin while reducing waste and pollution. These practices show that Bitcoin mining can be environmentally friendly and contribute to a sustainable future for crypto.

How to Prepare for the Potential Bull Run

2024 is expected to be a big year for cryptocurrencies, with many experts predicting a significant increase in their value. However, investing in cryptocurrencies can be risky, so it's essential to be prepared and have a clear plan. 

Here are some tips to help you get ready.

Volatility is notorious in crypto investment. However, with sufficient planning and hedging, implementing strategies against these fluctuations can be effective if done correctly. Bybit offers a full suite of product and service offerings to help you plan your crypto investments ahead of time. 

Here are some products you can consider. 

: Subscribe to this non-principal-protected, short-term structured product that pays off if BTC’s price moves outside a predetermined range. It’s perfect for traders looking for short-term returns and anticipating strong market movements. You can also use it to hedge or leverage against spikes in volatile markets.

: Crypto trading bots are automated computer programs that can help you buy low and sell high (i.e., place buy and sell orders at predetermined intervals within a predefined price range) in order to capitalize on price fluctuations, especially in a volatile 24/7 crypto market. 

: For traders looking to manage risk and capitalize on market movement, options are a popular investment strategy. Crypto options, for example, are contracts that allow the trader to buy or sell an asset at a specified price within a given time frame or by a specific expiration date. 

 (UTA), traders can better hedge their positions without separating their accounts for different Derivatives products, so margins won't require additional capital for offsetting risks.

Get Ready for 2024’s Bull: Key Crypto Trends & Events to Look For

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