Bitcoin Price News: US Treasury refers to BTC as “Digital Gold” as Bitcoin pumps and new altcoin soars

Bitcoin (BTC) is officially recognized as “digital gold” and a store of value by the U.S. Treasury Department. Since its inception in 2008, Bitcoin has evolved into the world’s first and largest cryptocurrency.

Bitcoin’s remarkable breach of the psychological barrier of $100,000 on December 5 sent ripples of excitement and opened new doors of opportunity across the broader crypto industry. Meanwhile, the new altcoin JetBolt (JBOLT) is gaining traction with its zero-gas technology, driving its presale to skyrocket to already over 100 million tokens sold.

As Bitcoin continues to pump, could JetBolt lead the new breed of altcoins set to redefine the blockchain landscape with innovative solutions? Read on to explore how new altcoins like JetBolt can soar amid Bitcoin’s continued dominance.

Bitcoin (BTC) has been on a seeming rampage, achieving milestones since Donald Trump’s win in the 2024 US elections. With Trump’s pronouncement to make the US the “crypto capital of the world”, BTC’s price went on an uptick, culminating on December 5 by breaking through the psychological and technical barrier of $100,000.

Month-long Price chart of Bitcoin showing its peak of breaching past $100K on December 5 courtesy of Coingecko

The U.S. Treasury has recognized Bitcoin’s pivotal role in the evolving landscape of digital assets, along with Ethereum and other stable coins. While noting that the digital asset industry is still small compared to traditional government instruments like U.S. government bonds, the U.S. Treasury highlights the growth and expansion the industry has shown over the years.

Trading as of press time at $99,116.59, BTC has climbed by 45.3% over the past 30 days despite experiencing a small dip in the last 24 hours. According to the U.S. Treasury report, Bitcoin’s market value surged from $6.4 billion in 2015 to $134 billion in 2019 and further skyrocketed to approximately $1.3 trillion in 2024. This notable growth reflects increased interest in decentralized finance (DeFi) and digital tokens.

To further solidify Bitcoin’s dominance in the crypto industry, the annual Bitcoin MENA Conference—the largest gathering in the region about Bitcoin—is held on Monday, December 9 in Abu Dhabi, UAE. Several key figures from President-elect Trump’s cryptocurrency ventures have headed to the Middle East for the event. Among them is President-elect Trump’s son, Eric Trump, who is set to deliver the keynote speech and later conduct a “whale-only” chat in the conference’s VIP lounge, according to the conference agenda.

As Bitcoin continues to showcase its dominance in the dynamic crypto landscape, a new entrant JetBolt (JBOLT) is taking the blockchain space by storm. Following a successful presale with over 100 million tokens sold already, this presale altcoin is redefining the Web3 experience.

Powered by the Skale Network, JetBolt’s landmark zero-gas technology eliminates costly gas fees—costs that users typically want to avoid and that often slow down blockchain innovation. This feature enables users to make blockchain transactions without the financial burden of gas fees and allows developers to carry out more cost-effective dApps projects.

JetBolt’s client-focused Web3 wallet, equipped with advanced security features like WebAuthN and face ID recognition, simplifies crypto management for both newcomers and experienced crypto enthusiasts. Furthermore, JetBolt has an AI-driven tool that delivers crypto news and market insights, keeping users updated on the latest developments across the vast digital world.

On the staking front, JetBolt’s SocialFi system encourages community engagement by rewarding users for staking and connecting with friends on the platform. By logging in and interacting with friends daily, users can earn more tokens, turning the staking activity into a fun and socially connected experience.

For crypto whales and users seeking to maximize their holdings, JetBolt’s exclusive Alpha Boxes offer up to 25% token bonuses on bulk purchases. And still at its presale stage, JetBolt’s price increases daily—-offering an enticing opportunity for early buyers to get hold of JetBolt tokens now.

With its focus on cutting-edge blockchain solutions, JetBolt (JBOLT) is solidifying its position in the highly volatile altcoin market, making it one of the best next-gen altcoins to buy before 2025.

Being hailed as the “Digital Gold” by the U. S. Treasury, Bitcoin’s legacy continues to thrive. Thanks to companies like Microstrategy and MARA, Bitcoin is rapidly growing in adoption as a “store of value and hedge against inflation.” The U.S. Treasury, while keeping a cautious predisposition, has expressed willingness to explore the vast potential that lies at the intersection of traditional finance and blockchain-based innovations. Meanwhile, the rising altcoin JetBolt (JBOLT) continues to soar—drawing significant attention with its revolutionary zero-gas technology and suite of Web3 enhancements. JetBolt is gaining momentum and is disrupting the blockchain experience.

To learn more about JetBolt’s exciting features and ongoing presale, visit the official JetBolt website today.

This article is not financial advice. Cryptocurrencies, coins, and tokens can all be risky and unpredictable, so always conduct research before making a decision to buy or trade. 

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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