In recent weeks, much has been said about the wealth erased from various cryptocurrencies’ valuation. For example, in the seven days leading up to December 24 – and despite the rally on the day – Bitcoin’s (BTC) valuation collapsed by nearly $200 billion.
Still, for all the frustration emerging from the apparent cancellation of the ‘Santa Claus’ rally, 2024 remains an exceptionally strong year across the board, with the many coins and tokens being overwhelming winners in the last 12 months.
Bitcoin up more than $1 trillion in 2024
Bitcoin itself, despite erasing approximately $200 billion in the last ten or so days, remains more than $1 trillion more valuable as an asset at press time on December 27 than it was on January 1.
Specifically, data retrieved by Finbold from CoinMarketCap reveals that at the start of the now-outgoing year, $BTC market cap stood at $828 billion, while at press time, it is as high as $1.91 trillion.