The year 2024 has brought many fluctuations and opportunities in the cryptocurrency world. With Bitcoin (BTC) reaching a record high of over $106,000, we see an incredible surge in the value of leading digital currencies, although there has been a pullback to $104,500 due to concerns about the possibility of the U.S. Federal Reserve (Fed) cutting interest rates.

On December 18, the Fed is expected to announce its decision with a prediction of a 25 basis point cut, bringing interest rates down to around 4.25% to 4.5%. This could have a positive impact on BTC and altcoins, but if the Fed signals that it will not cut rates more than expected, the effect will be limited.

Additionally, China's expected interest rate cuts also provide a positive momentum for the crypto market. Along with this, seasonal trends are also supporting the growth of BTC.

At the same time, Australia's decision to develop a National AI Capability Plan is also having a positive impact on the blockchain and cryptocurrency industry. This plan focuses on enhancing skills for the workforce, attracting investment, and promoting innovation in the artificial intelligence sector, promising to open up many opportunities for collaboration and research with universities and businesses.

The year 2024 promises to be a breakout year for cryptocurrency with many changes in regulation and technological development. The future of crypto is bright and expanding with new opportunities and challenges, continuing to reinforce the position of cryptocurrency in the global economy.