Bitcoin prices surged to a record high of $103,630 during early trading in Asia on Thursday, Dec. 5, according to Tradingview on Binance.
The breakout of consolidation added more than 7% over the past 12 hours as the asset climbed from an intraday low of around $95,000.
Bitcoin has now made a whopping 140% year to date, outperforming most traditional assets. The latest move has also pushed its market capitalization over $2 trillion for the first time in history.
BREAKING: #Bitcoin officially hits $2 TRILLION in market cap for the first time in history.
This comes just 5 minutes after Bitcoin crossed the historic $100,000 level.
Bitcoin is now the 7th most valuable asset in the world. pic.twitter.com/x427zNKQh6
— The Kobeissi Letter (@KobeissiLetter) December 5, 2024
Bitcoin at Six Figures
Analyst Miles Deutscher commented, “The ideal scenario for $BTC would be closing above on the daily, consolidating for a few days between $100k and $105k, then smashing to $120k.”
Meanwhile, Bi
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