📈 The recent cryptocurrency market trends are here❗

The cryptocurrency market in 2024 has been quite tumultuous. Bitcoin has appreciated by 120% this year, with prices nearing $100,000, and it set a historical high of $107,796 in the early hours of December 17, which is absolutely crazy😍! This has made Bitcoin once again the financial asset with the highest global return, far surpassing the stock markets of the United States, Germany, Spain, and other countries.

However, Bitcoin's market trends have been like a roller coaster. In the early hours of December 28, it suddenly accelerated downward, briefly dropping to nearly $93,000, but quickly recovered the decline, returning above $94,000. This has caused many investors to feel anxious, and during this market wave, 92,500 people globally faced liquidation, with a total liquidation amount reaching $241 million.

Ethereum also made significant moves, as it was approved for a spot ETF on July 22, 2024. Although the price has slightly decreased compared to its initial listing date as of December 27, the total net asset value of Ethereum's spot ETF has reached $12.12 billion.

Additionally, the NFT market seems to have welcomed a turnaround in 2024, with a drop in trading volume in January, but a surge of 25% in February, and it is expected to reach $2.378 billion for the entire year of 2024.

Moreover, it is worth mentioning that in the 2024 U.S. presidential election, after Trump's victory, he clearly stated that he would promote the development of the cryptocurrency industry and appointed relevant personnel to advance the market development in the crypto field, which caused Bitcoin's price to rise rapidly by 3%.

But be cautious, as the risks in the cryptocurrency market remain high. Starting December 30, the EU will ban USDT, which will be a major shock for the crypto market, significantly increasing market volatility and risks. In summary, while there are opportunities in the cryptocurrency market, risks coexist, and everyone should invest cautiously🤔