$BTC

Follow me, let's achieve wealth freedom together in the blockchain world, and we will give you free airdrops one after another!

On January 8, 2024, the crypto market experienced a pullback. This phenomenon may have been affected by the more hawkish signals from the Federal Reserve. In December 2024, cryptocurrency valuations fell after rising at the beginning of the year. Spot exchange-traded products (ETPs) for Bitcoin and Ethereum were launched in the U.S. market in 2024, with cumulative capital inflows reaching $38 billion. However, Bitcoin and Ethereum fell 3% and 10% respectively in December.

It is worth noting that the financial cryptocurrency sector performed well in December. Grayscale Research believes that this market segment may benefit from the upcoming regulatory changes and new legislation of the U.S. government. In addition, decentralized finance (DeFi) and assets related to decentralized artificial intelligence (AI) technology remain the focus of the market.

Overall, in December 2024, the crypto market took a breather against the backdrop of a pullback in major stock indexes and rising bond yields. Although Bitcoin ended 2024 with a 121% gain, the FTSE/Grayscale Crypto Sector Market Index (CSMI) fell 6% in December, giving up about 15% gains in November. This pullback is seen as a common feature in cryptocurrency bull markets.