#ReboundRally

As we wrap up 2024, the cryptocurrency space, especially Bitcoin, is undergoing a massive comeback rally. In December, Bitcoin reached a historic milestone over $100,000, setting a new all-time high at $106,496 due to $5.5 billion inflows of institutional interest and friendly U.S. laws. In this landscape, Bitcoin ETFs — such as BlackRock’s iShares Bitcoin Trust — served as a key catalyst for investments, marking a newfound trust in the market from institutions.

Q4 2024 saw a close to 50% gain for Bitcoin, despite a 2.4% dip in December, a conservative price target of $86,000, and an ambitious target of $118,000. Favorable trends include Donald Trump’s crypto-friendly presidency and global regulatory news including CBDC pilots.

Other sectors took off too, with memecoins seeing a resurgence and tokenized assets making a run for $13 billion. Ethereum’s market cap exceeded $400 billion, and the NFT market recovered $757.57 million in sales. An all-time high, driven by a supporting cast of institutions, regulation and the market outlook, creates a very bullish future for 2025.