In the whole year of 2024, Bitcoin saw a significant surge while other cryptocurrencies, apart from Sui and Solana which experienced slightly larger gains, mostly stagnated. On December 17, 2024, after Bitcoin broke through the $100,000 mark, it underwent a substantial correction, but there are signs of potentially breaking the $100,000 mark again in the past couple of days.
In 2024, Bitcoin's mining halving reduced its issuance rate, leading to a supply shortage, and with the approval of Bitcoin ETFs, its price soared to an all-time high. This was followed by a surge in altcoin speculation, as investors preferred to seek higher returns, leading to a full-blown altcoin season. However, currently, the altcoin market has not seen a significant surge. In January 2025, Bitcoin will once again break through the $100,000 mark, ushering in a massive altcoin season, and the familiar classic bull market formula will reappear.
The altcoin season in the cryptocurrency market is about to arrive in January 2025.
