🎉 BTC $100K: Celebrating the impossible
Plus: Hawk Tuah memecoin’s 91% crash
GM. The juice tastes a little different today – sweeter, richer, and with a hint of victory in every drop.
🍾 A tribute to Bitcoin.
🍋 News drops: Hawk Tuah girl rugs, Kraken’s survey shows that people feel the crypto FOMO + more
🍍 Market flavor today
Don’t forget to call your anti-crypto friend today – just to ask how they’re doing and maybe throw in a little, “So… is it still a scam?” 👀
It’s the moment we’ve all been waiting for – Bitcoin shattered the $100K ceiling! It hit a fresh all-time high of $103,353 and hasn’t returned below six figures since. The Fear and Greed Index is flexing at 84, and “Extreme Greed” is the vibe of the day.
So, what was the fuel to this rocket?
– Donald Trump appointed a pro-crypto SEC Chair (catch up here);
– Fed’s Jerome Powell gave Bitcoin a nod, saying it’s “just like gold, only virtual.”
Cathie Wood, the CEO of ARK Invest, said that Bitcoin is still in its “early innings.” She doesn’t exactly see eye-to-eye with Powell, though – in her words, “Bitcoin is a much bigger idea than gold.”
Now, some market watchers thought cracking $100K might trigger sell-offs. But plot twist: many investors had already cashed out before we even got here, likely clearing the runway for even more gains.
Plus, Ki Young Ju from CryptoQuant pointed out that Bitcoin’s current price isn’t in “bubble” territory. Basically, as more people put money into BTC, the total value of BTC held by investors (the realized cap) has grown. This increase has also pushed the potential ceiling price higher to $146K. So, for BTC to even come close to what some would call a bubble, the price would need to jump another 43%.
Still, we’re no longer talking about “if” Bitcoin will reach new heights – it’s all about “when” and “how far.” The $100K era is here, and it’s prepping us for a future no one can fully predict. Are we watching history in the making? You bet.
🍾 We made it
It’s a damn good day to be in crypto.
BTC hitting $100K isn’t just a number – it’s a massive, collective W for all of us. It’s also a reminder of what the real purpose of crypto is: community, vision, and the drive to rewrite the rules.
Whether you’re an OG or you just spawned, this is something we all get to celebrate. ‘Cause let’s be real, it wasn’t easy. And I’m not only talking about those family dinners where everyone looked at you like an idiot hyping up Monopoly money.
So, take a second to soak it all in and reflect on the wild ride that got us here. Don’t cry tho… you’re too gorgeous for that 😏
2009 – 2012: Magic internet money ($0 – $30)
– Satoshi Nakamoto drops the Bitcoin whitepaper, and the world gets its first taste of a decentralized currency.
– January 2009: The Genesis Block is mined. BTC was worth a solid $0!! 🎉
– 2010 brought us a legendary moment – Laszlo Hanyecz bought two Papa John’s pizzas for 10K BTC (this guy would’ve officially become a billionaire today btw).
– In November 2012, we had our first halving.
2013: The first major bull run ($13 – $1.1K)
– March 2013: the Cyprus Banking Crisis happened. The government announced it’d seize people’s savings of over €100K, so they started turning to Bitcoin to keep their money safe.
– December 2013: China banned financial institutions from using BTC because reasons. After an impressive increase that year, the price tanked.
– This was also the year when the legendary term HODL was born, thanks to a drunk dude on a forum.
2014 – 2016: The Sleeping Giant ($200 – $400)
– 2014 hit BTC hard with the Mt. Gox collapse, which made people question the security and reliability of crypto exchanges.
– Fast-forward to July 2016, and we got the second halving event. While BTC didn’t pop off immediately, this helped its price skyrocket later 👇
2017 – 2020: The comeback ($1,000 – $29,000)
– 2017 was peak retail FOMO. Everybody and their grandma wanted in as BTC jumped to $19K in December.
– But then… crypto winter pulled up in 2018. Failed ICOs, over-leveraged investors, and regulatory struggles dragged BTC down, and it couldn’t break past $10K all year.
– By 2020, tho’, the tables turned. COVID-19 shook the global economy, and Bitcoin became the safe haven. Starting the year at $6.9K, it increased to $29K by December.
– The third Bitcoin halving happened.
2021: We’re SO back (over $68K)
– Institutions hopped on the Bitcoin train, and booyaka – BTC hit an all-time high of over $68K.
– The laser eyes trend (#LaserRayUntil100K) became a thing. We all looked ridiculous, but now everyone else does.
2022 – 2024: Crypto Winter 2.0 ($16K – $50K)
– 2022? Ugh, don’t even. FTX went down in flames, TerraUSD followed, and everything else felt like a dumpster fire. BTC tanked to $16K.
– By 2023, tho’, things started turning around. BTC climbed past $50K, and we all started wondering if the cold was finally over. Spoiler alert: it was.
2024: The year of ATHs
And everything led to this moment, y’all: $103,353!
Several things made it happen – spot BTC ETFs got approved, Trump went pro-crypto and made a comeback as president, institutional money kept flowing in, and Bitcoin finally started getting the recognition it deserves as the store of value.
0 to 100… Pat yourself on the back, smile through those happy tears, and remember: this is history in the making. And you are here 🥹
🍋 News drops
😕 Turns out Ripple wasn’t about to drop RLUSD yesterday after all – they’re still waiting for final approval. But don’t toss yesterday’s newsletter just yet – when RLUSD does launch, all the juicy deets we spilled might come in handy!
🤠 Hawk Tuah girl’s memecoin went from hero to zero real quick: it crashed by 91% in just three hours. Apparently, 96% of the supply was in the hands of insiders and snipers.
💰 A Sotheby’s VP dropped a new Solana memecoin, and one trader turned it into a $1M payday in just half an hour. After buying 462M VOID tokens for 35 SOL, they cashed out 439M tokens for 4,604 SOL.
😰 Kraken did a survey on the emotions of US crypto holders. The standout stat? 88% of respondents feel like they missed out on huge gains – no surprises there, considering Bitcoin’s rise.
⛏ BIT Mining, once all-in on Bitcoin, made a power move into Dogecoin and Litecoin. This expansion is raking in nearly three times the profits of sticking to BTC alone.
🥂 Sip of celebration
You know what makes all the tears, sweat, and late-night doubts worth it?
1. That unbeatable confidence boost;
2. The sweet, sweet rewards;
3. That bangin’ celebration you’re entitled to 🥳
So, since Bitcoin finally hit $100K, BitDegree’s throwing a party you don’t wanna miss. Say hello to our new Mission, “Bitcoin $100K Special: Watch History Unfold.”
And the cherry on top? We’re giving you a shot at winning 100 USDC! 💸 Because what’s a celebration without a killer gift?
🍌 Juicy memes
