Bitcoin Price History Reaches Record High of Rp1.6 Billion on December 5, 2024

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Erlina Fury Santika 06/12/2024 15:24 WIB

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According to data compiled by Coinglass, the price of Bitcoin reached a record high of US$101,400 (approximately Rp1.6 billion) at the close of trading on Thursday, December 5, 2024, at 11:00 PM US ti

Bitcoin Price Movement (December 5-6, 2024*)

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Bitcoin Price Movement (December 5-6, 2024*)

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Bitcoin price hit a record high of US$101,400, or approximately Rp1.6 billion (assuming an exchange rate of Rp15,850 per US$), at the close of trading on Wednesday, December 5, 2024, at 11:00 PM, according to data compiled by Coinglass.

According to *Katadata*, this record-breaking price occurred after President-elect Donald Trump appointed Paul Atkins as Chairman of the US Securities and Exchange Commission (SEC).

The surge in bitcoin's price is attributed to Atkins' pro-crypto stance and his background as a former SEC commissioner. As cited by *CNN Business* on Thursday, December 5, 2024, Atkins is expected to oversee the cryptocurrency market with a lighter touch than Gary Gensler, who led the SEC under the Biden administration.

Gensler aggressively opposed the expansion of the crypto industry in the United States. Bitcoin hit US$100,000 just hours after Atkins was announced as Trump's choice for SEC chairman.

This recent surge builds on the impressive rally that began after Trump was projected to win the presidency on November 6. This triggered a single-day bitcoin surge of US$6,000, pushing it to a new record above US$74,000. A week later, it reached US$90,000.

Bitcoin has risen 130% year-to-date, with the post-election rally accounting for a significant portion of its gains. Its performance far surpasses the S&P 500, which rose 28% over the same period.

As of Friday, December 6, 2024, at 6:00 AM, the bitcoin price had fallen 4.34% to US$97,000, or Rp1.53 billion.

(Read *Katadata*: [Bitcoin Cetak Rekor Usai Trump Tunjuk Paul Atkins Jadi Ketua SEC, Ini Alasannya](https://katadata.co.id/finansial/keuangan/67518f207e727/bitcoin-cetak-rekor-usai-trump-tunjuk-paul-atkins-jadi-ketua-sec-ini-alasannya))

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Bitcoin Price History Reaches Record High of Rp1.6 Billion on December 5, 2024

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