To the Stars! Bitcoin Soars Past $100,000 for the First Time

At the time of writing, Bitcoin is trading at $102,700, equivalent to over 10 million rubles. The cryptocurrency gained 6% in 24 hours and is up 8% over the past week. The total market capitalization of all circulating Bitcoin has now surpassed a staggering $2 trillion, while the overall cryptocurrency market is valued at $3.69 trillion.

Ethereum and Other Movers

The second-largest cryptocurrency by market cap, Ethereum, is also on the rise, trading at $3,900. Over the past day, Ethereum has gained 5%, with an 8% increase over the week.

Among the top 10 cryptocurrencies by market cap, Ripple (XRP) stands out, with a 65% weekly surge. Meanwhile, in the broader top 100, the biggest winner is Curve DAO Token (CRV), which has skyrocketed by over 120% in the last seven days.

My Take: Crypto Mania Revisited

Who would’ve thought that the volatile crypto world would lead us to this day? Back when Bitcoin was struggling to break past $1,000, many dismissed it as a passing fad. Fast forward to 2024, and it’s now breaking six figures.

It’s both exhilarating and surreal to witness. For some, Bitcoin is the future of finance, a decentralized haven. For others, it’s a bubble waiting to pop. But love it or hate it, this milestone cements Bitcoin’s status as a cultural and financial phenomenon.

The real question now is: How far can this rocket go?