Bitcoin has set a new all-time high of $104,000 on Coinbase, setting the cryptocurrency loose into price discovery — so where is it heading next?

Bitcoin prices surpassed the $100,000 mark for the first time ever, crossing the milestone in the wake of a record-breaking surge in the aftermath of the election.

Late Wednesday, bitcoin hit $100,000—a major milestone for the cryptocurrency, which has been experiencing a massive upswing since Donald Trump won the 2024 presidential election.

The price of bitcoin dropped below $100,000 late Thursday, just a day after topping the milestone for the first time. The world’s largest cryptocurrency continued to slide in early trading on Friday,

Bitcoin played its role well as it touched $100,000 for the first time ever late Wednesday, when traditional Wall Street markets were closed. The cryptocurrency’s price has exploded since Donald Trump—who campaigned as the pro-bitcoin candidate—won the election at the start of November.