Crypto trends in 2024 reflected breakthroughs, controversies, and game-changing events. From Bitcoin’s historic $100K milestone to the rise of AI in Web3, this year has delivered transformative moments for the industry. Below is a recap of the biggest stories in crypto for 2024.
SEC Approves Bitcoin Spot ETFs
The SEC’s approval of Bitcoin spot ETFs in January 2024 marked a turning point for crypto adoption. After years of rejections, major players like BlackRock and Fidelity launched regulated ETFs, offering traditional investors easy access to Bitcoin.
Within the first year, Bitcoin spot ETFs accumulated over 1.1 million BTC, with net assets totaling $106.24 billion before their first anniversary.
Mysterious $1.2M Sent to Satoshi Nakamoto’s Wallet
Meanwhile, in January, an unidentified individual sent 26.9 Bitcoin worth approximately $1.19 million at the time to Bitcoin’s Genesis wallet, the very first address ever created by Bitcoin’s pseudonymous creator, Satoshi Nakamoto.
The mysterious transaction sent shockwaves through Crypto Twitter, with many wondering whether Satoshi had returned or if the coins were simply being burned.
“Either Satoshi woke up, bought 27 bitcoin from Binance, and deposited it into their wallet, or someone just burned a million dollars,” Coinbase’s Conor Grogan said.#DEXVolumeRecord #BTCXmasOrDip? $BTC