Bitcoin is on the cusp of reaching an unprecedented milestone of $100,000 per coin. Last week, it soared to an all-time high of $99,588 before facing a 7% correction, dipping to $90,791 on Tuesday. By Friday, the cryptocurrency began recovering and is now trading steadily around $97,000.
This momentum is bolstered by political developments, including Gary Gensler’s confirmed exit as SEC chair in January 2025, which has spurred market optimism. Analysts believe this regulatory shift could serve as a key catalyst for Bitcoin to break the psychological $100K barrier.