Today was a historic day in the cryptocurrency market. The world's largest and most popular cryptocurrency, Bitcoin, crossed the $1 lakh mark for the first time. In early trade, the price of Bitcoin reached $1,06,000, which is equivalent to about Rs 90 lakh in Indian rupees. With this unprecedented rise, the market cap of Bitcoin reached $2.1 trillion. In terms of market cap, Bitcoin is only 10% behind Google's parent company Alphabet, whose current market cap is $2.332 trillion.

Trump's statement brought momentum

The main reason for this rise in the price of bitcoin is believed to be a statement by Donald Trump, who is going to become the President of America. In fact, he has indicated that a plan to create a bitcoin reserve like an oil reserve can be considered in the US. Trump's support for cryptocurrency has taken bitcoin and other digital currencies to new heights. During the election campaign, he had pledged to make America the "crypto capital" of the world. Since the results of the presidential election on November 5, bitcoin has seen a rise of about 50% so far.

Other cryptocurrencies also rose

Along with Bitcoin, the prices of other cryptocurrencies have also increased. The price of Ethereum rose by about 3% to $4,014. The total market cap of the cryptocurrency market is now $3.8 trillion. Experts say that if this trend continues, Bitcoin could touch the $200,000 mark by 2025.

What are the future prospects

This historic rise of bitcoin can prove to be a milestone for the cryptocurrency market. Experts believe that this market will become stronger in the future due to the growing acceptance of digital currencies around the world and government support. Bitcoin crossed the $100,000 mark for the first time on December 5 and is expected to gain further momentum by the new year. According to IG analyst Tony Sycamore, "The way the market is running, bitcoin can reach $110,000."