Bitcoin’s value broke the $100,000 mark for the first time in early December and moved even higher later in the month before pricing eased a bit. The digital token ended 2024 up over 100% for the year, with about half that gain realized after President Donald Trump‘s election victory in early November.

Bitcoin hit a new all-time high above $109,000 Wednesday as the cryptocurrency was boosted by regulatory developments.The world’s largest cryptocurrency hit $109,700 just after 12:45 p.m. Eastern, passing its previous record of $109,

The cryptocurrency has been on a months-long tear thanks to the pro-crypto Trump administration and April's tariff chaos.