Bitcoin's Eventful Year: From ETF Approval to All-Time Highs

In 2024, Bitcoin experienced a transformative year marked by significant milestones and challenges. The approval of Bitcoin ETFs by the SEC opened doors for traditional financial institutions to invest in cryptocurrency. BlackRock's application for a Bitcoin ETF played a pivotal role in this approval. The year saw Bitcoin reaching all-time highs, surpassing $73,000 in March and later crossing the $100,000 mark in December. Political events, such as Donald Trump's victory and his pro-crypto stance, also influenced Bitcoin's price surge. Additionally, the Bitcoin halving event garnered significant attention, with the introduction of the Runes protocol creating a temporary craze in the crypto community. Despite macroeconomic factors and geopolitical tensions affecting Bitcoin's performance, the year ended with a positive outlook for institutional adoption and continued growth in the cryptocurrency market. Read more AI-generated news on: https://app.chaingpt.org/news