Cryptocurrency Market in 2024: Trends and Outlook
The cryptocurrency market continues to evolve in 2024, marked by increasing adoption by financial institutions and increased regulation. Bitcoin remains a mainstay, reaching new heights thanks to its adoption as a store of value. Altcoins like Ethereum are gaining traction with the rise of DeFi and NFT applications. Meanwhile, stablecoins and CBDCs (central bank digital currencies) are redefining digital payments. However, volatility and regulatory uncertainty remain challenges. Investing requires increased vigilance against opportunities and risks.