#BTC #ETH #solana $BNB
(December 20, 2024):
Current Prices:
Bitcoin (BTC): $88,004 - up 3.6% in the last 24 hours (Investing News Network)
Ethereum (ETH): $2,991 - up 7.2% in the last 24 hours (Investing News Network)
XRP: $1.91 - up 5.7% over 24 hours (Investing News Network)
Solana (SOL): $126.85 - up 7.6% over 24 hours (Investing News Network)
Year-End Performance:
Bitcoin ended 2024 with a gain of 121% (Grayscale)
Bitcoin reached a peak price of approximately $108,000 in December, pushing its market capitalization over $2.1 trillion (CCN)
Total crypto market cap almost doubled in 2024, increasing by 97.7%, peaking at $3.91 trillion in mid-December (CoinGecko)
Major Developments:
The Digital Asset Market Clarity Act is set to enter Senate markup in January, putting the bill on a formal path toward passage (Investing News Network)
Institutional interest surged, with Bitcoin ETFs adding 21,158 BTC ($2.22 billion) and Ethereum ETFs acquiring 220,702 ETH ($873 million) in December 2024 (CCN)
Citi analysts forecast Bitcoin could hit $143,000 in 12 months, driven by revived ETF demand and positive stock market forecasts (CoinDesk)
Market Trends:
Markets have been consolidating after hitting all-time highs
Regulatory clarity is improving, especially with pro-crypto policies from the incoming Trump administration
Global cryptocurrency owners increased by 13% in 2024, rising from 583 million in January to 659 million in December (Crypto.com)