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Crypto market recorded strong growth in December 2024: Binance

Despite challenges, the cryptocurrency market reached a pinnacle with a 3.91 trillion USD market cap in December 2024. This surge was supported by Bitcoin’s remarkable performance and regulatory Optimism. The publication by Binance Research outlines how these factors contributed to the market’s strong finish, emphasizing Bitcoin’s role in this growth.

Bitcoin achieved significant milestones, reaching a peak of 108,000 USD. Post-halving, BTC became the seventh largest asset globally, outperforming giants like Saudi Aramco and Meta. The asset recorded a 123.4% growth YTD, bolstered by favorable monetary policies and the approval of Bitcoin ETFs, which drew institutional investments.

The AI sector in the crypto realm garnered impressive attention. AI agents and tokens witnessed substantial investment inflow throughout 2024. Binance notes the potential for continued growth in this sector into 2025, driven by leading AI tokens such as VIRTUAL, which have already reached multibillion-dollar valuations.

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