How 2024 Will Be Remembered Forever?

The crypto market started to grow in February, thanks to the BTC spot ETFs launched in January. Bitcoin surpassed the $50,000 and $60,000 marks, increasing by 43.71%. In other countries, such as Turkey and Argentina, BTC renewed its all-time highs.

Companies began to apply for ETH spot ETFs, inspired by the success of BTC. In March, Bitcoin reached $70,000, updating the record of November 2021, with an increase of 16.55%. Ethereum also showed an increase of 9.09% after the Dencun network upgrade.

April brought halvings for Bitcoin Cash and Bitcoin, but did not contribute to growth - BTC fell by 14.94%. In July, the Hamster Combat memecoin became popular, and in September, its HMSTR token increased in price by more than 800% after listing.

In November, the US Federal Reserve cut the key rate by 0.5%, which had a positive effect on cryptocurrencies: Bitcoin rose by 7.35%. The election of Donald Trump as president also supported the bullish trend, and at the end of the month, BTC jumped by 37.32%, almost reaching $100,000.

In Russia, a law on legal mining came into force on November 1. In December, Bitcoin set a record, reaching $108,364, but soon began to decline after news that the Fed does not plan to create a state reserve of bitcoins.