According to sources from Reuters, the coin market witnessed significant fluctuations at the end of 2024. Bitcoin, the most famous cryptocurrency, saw a slight increase and stood at $92,370. Although lower than the record $108,379.28 achieved on December 17, Bitcoin still achieved an impressive 117% growth for the entire year. This indicates the strong appeal of Bitcoin in the context of global financial markets undergoing many fluctuations.
Meanwhile, other altcoins have not seen the same level of increase as Bitcoin. The cryptocurrency market, heavily influenced by new U.S. economic policies under the Trump administration, has created many challenges for altcoins. The rise of the U.S. dollar, supported by rising bond yields and expectations of new presidential policies, has put considerable pressure on the altcoin market.
Although it has not received much attention in the financial sector, the crypto market continues to grow with increasing interest from investors. New economic decisions from the Federal Reserve of the United States (Fed), particularly regarding interest rates, are having a strong impact on global financial markets, including the coin market.
With instability from traditional markets, crypto is becoming an attractive refuge, despite the risks and volatility that always exist. This is an important time for investors to closely monitor and update information about the market situation.
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