Bitcoin Hits $100,000 on April 1, 2024; ETFs See $1 Billion Daily Inflows

On this day in 2013, Bitcoin's market cap surpassed $1 billion for the first time, marking a significant milestone in the cryptocurrency's history. Fast forward, Bitcoin's price trajectory has been remarkable, with its value hitting $100,000 on April 1, 2024. This milestone comes after a year when Bitcoin's price was recorded at $28,360, showcasing a substantial increase to its current price of $69,600. Additionally, an early Bitcoin enthusiast moved 100 bitcoins worth roughly $6.98 million, which had been dormant for 11.7 years, on March 29th, 2024, at block height 836,813. Approximately 42 blocks later, the transaction was completed at block height 836,855. The cryptocurrency's journey also saw it breaking the $100 mark for the first time 11 years ago in 2013. This historical performance has led to Bitcoin Exchange-Traded Funds (ETFs) seeing daily inflows of $1 billion, reflecting the growing mainstream acceptance and investment in Bitcoin.