Bitcoin Crosses a Historic Milestone With a Stunning Transaction Volume of $131 Trillion, Signaling Massive Institutional Adoption and Unprecedented Maturity of the Crypto Market

Bitcoin reaches a record volume of $131 trillion. Glassnode, a leader in blockchain analysis, has just published a report tracing the meteoric rise of Bitcoin.

A new milestone has been reached in the crypto world as Bitcoin crosses the $100,000 mark for the first time ever. This historic moment, which was predicted by many experts, signals a new era for the leading cryptocurrency.

According to data from Glassnode, a blockchain analytics firm, Bitcoin's price reached $100,100 on December 5, 2024. This represents a more than 1000% increase from its all-time low of $8,100 in March 2023.

The stunning rise in Bitcoin's value has been attributed to several factors, including increasing institutional adoption, the halving event in May 2024, and the overall resilience of the crypto market.

As of December 2024, Bitcoin has processed 1.12 billion transactions, with a total transfer volume of $131.25 trillion. This massive volume showcases the liquidity and robustness of the Bitcoin network, which has gained the trust of both retail and institutional investors.

During this period, the market capitalization of Bitcoin briefly surpassed the $2 trillion mark, even exceeding the market valuation of silver. This serves as a strong indication of the growing legitimacy of Bitcoin within the global financial landscape.

Data from Glassnode also reveals an interesting distribution of Bitcoin holdings. Among the institutional wallets, exchanges hold approximately 9.1% of the total supply, while US ETFs control around 5.6% of circulating bitcoins.

The US Treasury also holds a significant amount of Bitcoin, with 187,000 BTC, which constitutes 0.9% of the supply. This fact aptly illustrates Bitcoin's transformation from a speculative asset to a recognized financial instrument.

ETFs, which were launched in January 2024, have seen exponential growth, attesting to the increasing appetite of institutional investors for cryptocurrencies. This institutionalization is further evidenced by the record hash rates and technological advancements within the Bitcoin network.

Throughout its existence, Bitcoin has maintained positive growth for 72 months, with an average increase of 37.4%. This sustained performance highlights Bitcoin's resilience and its increasing maturity within global financial markets.

As Bitcoin crosses the $100,000 threshold, it marks not just a price point but a culmination of a financial revolution that is reshaping the contours of the global economy.