The activity in the cryptocurrency market continues unabated. While many factors, especially the election process in the USA, paved the way for such assets to gain value, we witnessed Bitcoin breaking records one after another.
Bitcoin Exceeded $ 100 Thousand Many Times!
Bitcoin, which has repeatedly pushed the $ 100 thousand level until today, finally reached $ 103 thousand on 5 December, reaching an all-time high. The cryptocurrency, which fluctuated between 101 thousand and 103 thousand dollars during the day, started to decline as of the evening hours. According to CoinMarketCap data, the value of Bitcoin fell to $95,600 as of 01:35 on 6 December.
Cryptocurrency did not stay at these levels for very long and started to push the $ 100 thousand level again . In the evening hours of 6 December, it rose to $ 101,900. The asset, which has fluctuated between 99 thousand and 100 thousand dollars since then, declined again yesterday, despite repeatedly exceeding $ 100 thousand. At the time of writing this article, the value of Bitcoin is at $ 99,355.
One of the most important reasons for the mobility in the cryptocurrency market is shown as the US Presidential Elections. Donald Trump, who served as US President between 2017-2021, took the presidential seat again after a four-year break. Defeating his rival Kamala Harris, Trump became the 47th President of the United States. According to experts, Trump’s impact on the markets will continue for a while.
