As of December 26, 2024, the cryptocurrency market is experiencing significant activity.
Bitcoin (BTC) recently reached a new record high of $107,812 on December 16, 2024, marking a substantial increase from its previous peak in March.
Ethereum (ETH) also achieved a new high of $4,105 on December 16, 2024.
The approval of Bitcoin exchange-traded funds (ETFs) in the U.S. earlier this year has contributed to increased institutional adoption and market growth.
Additionally, the recent U.S. presidential election has influenced the market, with expectations of reduced regulatory enforcement under the new administration.
Despite the current bullish trends, the cryptocurrency market remains volatile, and investors should exercise caution and conduct thorough research before making investment decisions.