Bitcoin’s network processed over $19 trillion in transactions in 2024, showcasing its reliability for both savings and payments. This achievement more than doubled the previous year’s total of $8.7 trillion. Contributing factors included the approval of Bitcoin ETFs, the April halving event, and political impacts such as the U.S. Presidential election.

Despite ending 2024 with a dip near $91,000, the onset of 2025 has seen Bitcoin recovering, now trading at $97,771. Market Optimism abounds, driven by a shift in sentiment from “extreme greed” and supported by technical indicators like a bullish MACD crossover and position above the 20-day moving average.