By December 17, 2024, the cryptocurrency market cap reached around 3,908 trillion USD, bolstered by Bitcoin’s rise past 100,000 USD following the approval of spot Bitcoin ETFs in the U.S.
Institutional players like BlackRock and Fidelity significantly influenced Bitcoin’s price, which soared from approximately 42,200 USD in January to 108,000 USD by year-end.
Analysts forecast Bitcoin’s price in 2025 could range from 180,000 USD to as high as 1 million USD, spurred by potential regulatory changes and institutional interest.