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

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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.

 Each friend you invite will earn an additional 100 USDT, a special reward just for Dutch users.

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The bull steering the crypto market — particularly the ETH Spot ETF listing by BlackRock. But is this what's fuelling the market? Explore now.

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The world's largest asset manager, BlackRock, has 

 to list an exchange-traded fund (ETF) that will track the spot price of Ether, the native cryptocurrency of the Ethereum blockchain. Exchange-traded funds pool investors’ money to invest in an asset and trade on public stock market exchanges. This development has caused a stir in the crypto market, as it could pave the way for more Ethereum adoption and innovation. 

What does this mean for market participants, and what exactly is an Ethereum spot ETF?

An Ethereum spot ETF is an investment product that allows investors to gain exposure to the price of Ether without having to buy, store or manage the underlying cryptocurrency themselves. Instead, investors can buy and sell shares of the ETF, which are backed by a corresponding amount of Ether held in a trust by the ETF issuer. The ETF issuer is responsible for acquiring, securing and redeeming the Ether, according to the demand and supply of the ETF shares. ETF shares are traded on a regulated stock exchange, such as Nasdaq, and can be bought and sold via a brokerage account, just like any other stock or ETF.

An Ethereum spot ETF aims to track Ether’s spot price, which is the current market price at which Ether can be bought or sold for immediate delivery. Ether's spot price is determined by its supply and demand on various crypto exchanges and platforms, such as Coinbase, Binance or Uniswap. The spot price of Ether can fluctuate significantly, depending upon factors like network activity, transaction fees, protocol upgrades, regulatory developments and market sentiment.

ETH Spot ETF vs. Futures ETF: The Differences

Investors must be able to distinguish between Ethereum spot ETFs and Ethereum futures ETFs, which were 

 by the U.S. Securities and Exchange Commission (SEC). While a spot ETF directly tracks Ether, providing a straightforward investment approach, a futures ETF invests in contracts speculating on future Ether prices, traded on regulated futures exchanges such as CME Group or ICE Futures.

Ether futures contracts involve agreements between parties to buy or sell a predetermined amount of Ether at a future date and price. The resulting price is shaped by market expectations, introducing dynamics influenced by holding costs, expiration risk and liquidity. 

An Ethereum futures ETF aims to mirror Ether futures prices, but deviates from the direct ownership model of spot Ethereum ETFs. The distinction lies in the complexities of derivatives, whose price deviations from spot prices occur due to various market dynamics. Futures market traders employ 

 and may use strategies such as hedging, arbitrage and speculation to navigate this nuanced landscape.

Spot Ethereum ETFs cut through this complexity by offering straightforward ownership of ETH. Each ETF share directly corresponds to a specific amount of held Ether, thus ensuring better transparency.

Why Is There a Global Demand for Spot ETH ETFs?

Many investors are excited to add digital assets to their portfolios, especially as the Ethereum network progresses and gains more widespread acceptance. Some institutional investors may not have the mandate or ability to risk manage or trade existing cryptocurrency products. Currently, there’s a high demand for regulated and easily tradable spot ETH ETFs that accurately reflect the value of Ether. 

If approved, the introduction of a spot ETH ETF could lead to an increase in demand from institutional traders who could be eager to participate in 

. These institutions can generate higher returns on their investors' ETF holdings by staking ETH.

How Will BlackRock's Spot ETH ETF Impact Retail Traders?

BlackRock's proposed spot ETH ETF could significantly impact accessibility to Ether for retail traders, who may be intimidated by the technical aspects of investing in the cryptocurrency that powers the Ethereum network. By simplifying the process of gaining exposure to the spot price of Ether, this type of ETF could attract more institutional and mainstream investors to the Ethereum ecosystem, ultimately boosting Ether's demand, liquidity and adoption. 

However, retail traders should be aware that a spot ETH ETF would compete with other products, such as futures ETFs, other ETPs, trusts and decentralized platforms, and would be subject to the crypto industry's evolving regulatory and legal environment. The SEC 

 any spot ETFs for Bitcoin or Ether, citing concerns about market manipulation, fraud and investor protection. It may impose additional rules and requirements for spot ETH ETFs, such as reporting, auditing, custody and compliance standards.

The Impact of a Spot ETH ETF on Institutional Investors

Introducing a spot ETH ETF could revolutionize the ways that institutional investors — including hedge funds, pension funds, endowments and corporations — engage with the Ethereum market. This investment vehicle offers several advantages over direct investments in Ether and futures ETFs.

An Ethereum spot ETF would provide institutional investors with a compliant and regulated avenue for exposure to Ether. This adherence to securities laws and stock exchange regulations, overseen by authorities like the SEC and FINRA, adds a layer of legitimacy and oversight. The ETF's clear legal structure, governance, custody arrangements and protection under securities laws and insurance policies offer increased legal and operational certainty.

Efficiency and scalability are also notable benefits. An Ethereum spot ETF eliminates the need to set up and maintain a separate infrastructure for buying, storing and managing Ether. This integration streamlines the investment process, obviating tasks such as opening crypto accounts, securing wallets, transferring funds, and navigating KYC and AML regulations. The ETF's integration into existing portfolios and trading flexibility with other assets enhance its efficiency and interoperability.

Also, an ETF tracks the spot price of Ether, ensuring a more accurate and transparent representation of the cryptocurrency’s value and performance. Regular reporting of holdings, performance, fees and risks — along with third-party audits — contributes to a more informed investment environment.

A unique advantage of a spot ETH ETF is its potential to facilitate institutional participation in staking, thereby boosting the security and scalability of the Ethereum network. The concept of liquid staking allows investors to receive tradable tokens representing their staked Ether, maintaining liquidity and access to other markets.

However, regulatory uncertainties pose a significant hurdle, particularly in the U.S., where the SEC has expressed caution regarding crypto-related products. Market volatility and ongoing technical developments, such as 

, add layers of complexity and uncertainty. Regulatory approval of a spot ETH ETF isn’t guaranteed, and remains contingent upon navigating these challenges.

How Will Spot ETH ETF Impact Centralized Exchanges?

Centralized exchanges such as Bybit, Coinbase, Binance, or Kraken are pivotal platforms enabling users to buy and sell cryptocurrencies like Ether by using fiat currencies or cryptocurrencies. These exchanges play a crucial role in the crypto market by providing liquidity, facilitating price discovery and offering trading services to both institutional and retail users. However, the launch of an Ethereum spot ETF could introduce the following challenges and opportunities for these 

, influencing various aspects of their business and operations.

Launching a spot ETF for Ethereum could significantly impact the cryptocurrency market. Nevertheless, investing in Ether — whether directly or through an ETF — carries risks and challenges. Ether is still a volatile and speculative asset, and the Ethereum network is constantly undergoing changes and upgrades that can affect the performance and functionality of Ether and its applications. Therefore, before investing in Ether, 

, understand the risks and rewards, and have a clear and realistic investment goal and strategy.

If you want to purchase Ether directly, you can use Bybit, a top cryptocurrency derivatives exchange that offers spot, futures and options trading for many cryptocurrencies, including Ether. To buy ETH on Bybit, follow these steps:

An Ethereum spot ETF could provide an innovative way for investors to gain exposure to Ether's price without the complexities of direct cryptocurrency ownership. It differs from Ethereum futures ETFs, which involve contracts speculating on future Ether prices. The impact of an Ethereum spot ETF on retail and institutional investors, as well as on centralized exchanges, depends upon factors such as size, popularity, liquidity, efficiency, regulation and the broader state of the Ethereum market.

Investing in Ether, whether directly or through an ETF, presents inherent risks and challenges. Ether remains a volatile and speculative asset, and the Ethereum network undergoes constant changes and upgrades. Having a prudent 

Bybit, a leading crypto derivatives exchange, offers a secure and user-friendly platform for directly purchasing Ether. This reputable CEX provides spot, futures and options trading for cryptocurrencies, including Ether. The platform offers high liquidity, low fees and fast execution for crypto trading, and supports your overall trading experience with multiple features and tools, such as margin trading, leverage trading, risk management, trading indicators and trading bots.

BlackRock's Ethereum Spot ETF: What Does It Mean for Investors?

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