U.Today – Bitcoin Surpasses $100,000

Bitcoin finally breaks above $100,000

The crypto community on social media giant X is buzzing as Bitcoin has surpassed the $100,000 price level for the first time in history, reaching a new all-time high several hours ago.

Bitcoin demonstrated an approximately 9.25% spike in the past 24 hours, surging from $94,890. It first reached $99,280 and then printed two consecutive green candles that took it above $100,000. At the time of this writing, BTC is changing hands at $102,823.

CZ admits to not having made huge profit on BTC spike

Former Binance exchange leader and cofounder CZ tweeted that while many investors have seen their profits skyrocket during the massive price surge, he was not one of them: "congrats! you made a lot of money on bitcoin, right? Me: No, not exactly."

Changpeng Zhao explained this by stating he has not been buying any dips recently, and his Bitcoin stash remains the same: "I still have the same number of bitcoins."

However, he noted that "everything else became a little cheaper, relative to bitcoin," either referring to altcoins he holds, such as BNB, or to current market altcoin prices. Binance Coin, launched by CZ alongside Binance in 2017, hit a new all-time high of $793.

Ancient Bitcoin whales awaken

According to popular cryptocurrency tracker Whale Alert, two old-time wallets awakened after remaining in hibernation for 12 and 13 years since 2012 and 2011.

One wallet contained 10 BTC, now worth $1,023,075 (costing $50 in 2012), while the other was valued at $5,160,551. Back in 2011, those 50 BTC were worth only $219.

This awakening appears logical now that Bitcoin has stepped over the $100,000 threshold, which many Bitcoin maximalists see as the first step toward a potential $1 million per BTC.