2024 was a pivotal year for the cryptocurrency market. Here are the ten most significant events that shaped the industry this year:
- Bitcoin’s Record Price: In December 2024, Bitcoin reached $108,000, driven by institutional interest, economic factors, and regulatory clarity.
- SEC Approval of ETFs: In 2024, the SEC approved Bitcoin and Ethereum ETFs, attracting billions of dollars in institutional investments and demonstrating confidence in cryptocurrency investments.
- Increase in Cyberattacks: The number of cryptocurrency hacks rose by 21%, with $1.3 billion stolen, linked to North Korea.
- Regulatory Changes: The UAE clarified cryptocurrency taxation, while certain US states introduced their own regulations, fostering global crypto adoption.
- Bitcoin Halving: On April 19, 2024, the Bitcoin block reward was halved to 3.125 BTC, resulting in a 146% increase in BTC price.
- The Rise of Mini-Games on Telegram:Telegram captured 21% of all new Web3 games in 2024, attracting hundreds of millions of users with games like Hamster Kombat and Catizen.
- MiCA Implementation in the EU: The MiCA regulation was fully implemented in the European Union, establishing clear legal frameworks for crypto-assets and boosting investor confidence.
- Fed Rate Cuts:The US Federal Reserve reduced interest rates by 1% between September and December 2024, increasing liquidity and weakening the dollar.
- Pro-Crypto President’s Victory in the US: Donald Trump won the 2024 presidential election, supporting the integration of cryptocurrencies into the US financial system and encouraging industry innovation.
- Coinbase Stock Surge: Coinbase stock exceeded $300, reflecting market recovery and growing investor confidence in cryptocurrencies.
What Awaits Us in 2025? We anticipate new regulatory developments, expanded institutional adoption, technological innovations, and continued growth in DeFi and NFTs.
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