The Cryptocurrency Bull Run in December 2024
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The cryptocurrency market has experienced a remarkable bull run in December 2024, marking a period of significant growth and optimism among investors. This phenomenon has been driven by several key factors that have contributed to the price appreciation of major cryptocurrencies such as Bitcoin $BTC , Ethereum $ETH , and other altcoins.
#### Key Factors of the Bull Run
1. **Favorable Monetary Policies**: The U.S. Federal Reserve has implemented interest rate cuts, creating a more favorable environment for investment in risky assets such as cryptocurrencies². These cuts have facilitated access to cheaper loans, incentivizing investors to place their money in the crypto market.