In December 2024, Bitcoin prices surpassed 100,000 USD, peaking at 108,000 USD. This surge led to 87% of Bitcoin holders enjoying profits. Such a remarkable rise signifies positive sentiment and increased confidence in the cryptocurrency market throughout the year.
The U.S. SEC’s approval of Spot Bitcoin ETFs was a transformative event, with assets under management exceeding 129 billion USD. Simultaneously, memecoins like Dogecoin and SHIBA INU led significant growth, accumulating a market cap of 104 billion USD, spurring enthusiasm in the sector.
Nevertheless, the year posed numerous challenges. Scams and hacks amassed 2.2 billion USD in losses from 303 incidents, marking a 21% increase from the previous year. Such events highlight ongoing security deficiencies and vulnerabilities plaguing the crypto industry.