The cryptocurrency market in 2024 has witnessed substantial growth, with Bitcoin at the forefront. A pivotal factor in this surge is the approval of Bitcoin spot ETFs, drawing significant interest from investors and major financial institutions. This development has been complemented by several countries advancing in their adoption of Bitcoin and other cryptocurrencies, enhancing public confidence and driving capital into the crypto ecosystem.

Retail investors have registered over one million Bitcoin accumulation addresses, indicating a trend of viewing Bitcoin as a long-term store of value. This reflects the maturing cryptocurrency market and its increasing real-world applications, as Bitcoin is increasingly seen as a hedge against inflation and economic volatility.