Bitcoin $100K: New ATH and BTC Highest Price Historical Data

Bittime - Bitcoin (BTC) crossed $100K to reach its new All Time High (ATH) on Thursday, December 5, 2024. What caused Bitcoin's price increase to $100k and what is Bitcoin's ATH? Read more here!

Bitcoin, the most popular digital asset in the world, has made new history. On Wednesday evening United States time, the price of Bitcoin passed the psychological mark of $100,000 (Rp. 1.6 billion) and reached $101,000 (Rp. 1.616 billion). 

A few hours after that, Bitcoin continued to make history by reaching a new high (All-Time High or ATH) at $103,900 (Rp. 1,662 billion) on December 5, 2024, according to the latest data from CoinMarketCap, December 5, 2024​. 

This figure surpassed the previous achievement of $101,000 (Rp. 1,616 billion) achieved a few hours earlier. This achievement is an important point in the journey of more than 15 years since Bitcoin was first introduced by a mysterious figure named Satoshi Nakamoto.

What is Bitcoin ATH?

ATH is an abbreviation of All-Time High, which means the highest price an asset has ever reached in its history. In the context of Bitcoin, ATH is an important reference for investors and analysts to measure market performance and the potential for future price increases. 

For example, on December 5 2024, Bitcoin touched its new all-time high price (ATH) at $103,900 or around (Rp. 1.66 billion) based on today's rupiah exchange rate.

The recent rise in Bitcoin prices reflects high market enthusiasm for the potential of blockchain and crypto technology. Bitcoin, which was originally only worth a few cents, has now become one of the highest valued assets in the world. 

What exactly keeps Bitcoin going up, and what does this achievement mean for the future of digital currencies?

Bitcoin's Journey Towards New ATH

Bitcoin price has come a long way since its launch in 2009. In recent years, the currency recorded various ATHs (All-Time High), reflecting growing public and institutional trust in digital assets.

In December 2017, Bitcoin reached its first ATH at $19,783 (Rp. 316 million), fueled by a surge in interest from the general public. This record was broken again in November 2021 at $68,789 (Rp. 1.1 billion), thanks to large institutional adoption and the explosion in popularity of Non-Fungible Tokens (NFT). 

Exactly on December 5 2024, Bitcoin reached its new ATH at $103,900 or around (Rp. 1.66 billion) which was supported by several strategic factors.

Causes of Bitcoin Price Increase

One of the main drivers of Bitcoin's rise this year was the US Securities and Exchange Commission's (SEC) approval of ETFs (Exchange-Traded Funds) based spot. 

This ETF allows traditional investors to easily access Bitcoin, without needing to purchase the crypto asset directly. BlackRock's launch of a Bitcoin ETF in November sparked a huge surge in investment flows, recording an inflow of $1 billion (Rp. 16 trillion) in a single day.

In addition, macroeconomic factors such as global inflation and market uncertainty are also driving interest in Bitcoin as a hedge asset. As a digital asset that is decentralized and has a limited supply, Bitcoin is increasingly seen as “digital gold” by global investors.

Bitcoin Historical Data and Future Trends

Looking at historical data, Bitcoin's journey from inception to $101,000 is a remarkable achievement. According to data from CoinMarketCap and Bitbo, this price increase reflects exponential growth in its adoption and use.

• 2017: The first ATH was $19,783 (Rp. 316 million), driven by the initial boom in crypto adoption.
• 2021: The second ATH was at $68,789 (Rp. 1.1 billion), supported by the entry of large institutions.
• 2024: The latest ATH was $101,000 (Rp. 1,616 billion), reflecting more mature adoption and supportive regulations.

Seeing this trend, many analysts believe Bitcoin still has room to continue rising. Institutional adoption, clearer regulations, and increasing trust in blockchain technology could be the main drivers of future price increases.

Bitcoin in Modern Financial Life

Bitcoin is not only a transaction tool, but also part of a global investment strategy. As an asset that does not depend on a central authority, Bitcoin offers an alternative for those seeking financial freedom and protection from traditional monetary policy.

However, as with any asset, volatility remains a risk. Bitcoin price spikes are often followed by sharp corrections, which reminds investors to remain cautious and diversify their portfolios.

This latest ATH achievement is not only a victory for Bitcoin, but also marks a new chapter in the world of modern finance. With its growing potential, Bitcoin looks like it will still be in the spotlight in future global economic discussions.

FAQ Bitcoin All Time High

What are Bitcoins?

Bitcoin is the world's first digital currency that operates in a decentralized manner without a central authority, such as a bank or government. Created in 2009 by an anonymous figure named Satoshi Nakamoto, Bitcoin uses blockchain technology to record transactions transparently and securely. 

What is ATH?

ATH is an abbreviation of All-Time High, which means the highest price an asset has ever reached in its history. In the context of Bitcoin, ATH is an important reference for investors and analysts to measure market performance and the potential for future price increases. 

For example, Bitcoin's latest ATH is $101,000 (around IDR 1,616 billion) in December 2024.

When Will Bitcoin Hit New ATH?

Bitcoin reached a new ATH at $103,900 (Rp. 1.66 billion) on Thursday, December 5, 2024. This price spike marks a historic achievement more than 15 years after the currency was first introduced. 

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference

Party, Bitcoin Hits $100K and Surges Above, Accessed December 4, 2024
Lyons, Bitcoin is ‘Memetic’ and Won’t Stay Down Around $100K, Accessed December 4, 2024
CoinMarketCap, Bitcoin Historical Data, Retrieved December 5
Bitbo Bitcoin All Time High Charts, Retrieved December 5
99Bitcoins, Bitcoin Historical Price, Retrieved December 5