In December 2024, the cryptocurrency market experienced significant developments. Bitcoin's price surpassed $100,000, driven by President Trump's pro-crypto stance and the approval of multiple Bitcoin exchange-traded funds by the U.S. Securities and Exchange Commission.
However, the market faced challenges, including a 21% increase in losses from crypto hacks, totaling $2.2 billion for the year. Notably, North Korean-linked hacks accounted for $1.3 billion of these losses.
Additionally, Bitcoin's price experienced volatility, dropping nearly 5% following a Federal Reserve meeting and a spike in 10-year Treasury yields.
These events highlight the dynamic nature of the cryptocurrency landscape, marked by significant growth opportunities and notable security challenges.$BTC #BTCNextMove
