2024-2025 Crypto Market Outlook: Bitcoin Surges Past $100k, AVAX Fades Away!_ 🚀

The crypto market ended 2024 with a bang! Bitcoin broke the $100,000 barrier, while AVAX dropped out of the top 10, replaced by TRX. Let's dive into the key points and future trends of this market surge! 📈

Bitcoin: The US Election Catalysts a Breakout to $100k! 🇺🇸

The US presidential election in November 2024 proved to be a catalyst for Bitcoin, propelling it to a new all-time high above $100,000! 🚀

High point: Bitcoin reached $108,000 in mid-December, setting a new record!

Year-end correction: The price slightly cooled down towards the end of the year, closing at around $93,000.

This rally was fueled not only by the election but also by the approval of a spot Bitcoin ETF and the gradual clarification of crypto regulations. Retail and institutional investors jumped in, creating a "bull market atmosphere"! 🐂

How Did Other Top Cryptos Perform? 🤔

ETH price: Hovered around $3,300 by year-end, with a market capitalization nearing $400 billion.

Market dominance: ETH's market share decreased to 12%, but its position as the leading smart contract platform remained unchallenged.

AVAX vs. TRX: AVAX underperformed, dropping out of the top 10, while TRX took its place with a strong price of $0.25. TRX's ecosystem development and DeFi expansion made it the new "dark horse"! 🐎

XRP and BNB: XRP's price stabilized at $2.13, fueled by rumors of institutional adoption. BNB closed at $706, solidifying its top position.

SOL and DOGE: SOL's price showed strong resilience at $190, driven by its thriving NFT and DeFi ecosystems. DOGE, influenced by social media hype, dropped from 7th to 10th place, closing at $0.31.

Stablecoin Demand Soars, USDT Dominates 📈

USDT's market capitalization reached a new high of $137 billion, cementing its position as the largest stablecoin. USDC followed with $43 billion, highlighting the significant gap between the two.

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