In the context of a highly volatile cryptocurrency market, recent articles have revealed many prominent trends that are and will shape the future of the cryptocurrency industry. This article will help readers gain deeper insights into the important moves and trends in the market for coins and altcoins in 2024.
1. Moves from the SEC and their impact on the market:
Recently, the Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, announced he would resign in January 2025. The departure of Gensler, known for his strict approach to cryptocurrency regulation, will create significant changes in legal regulations. This could have considerable impact on the crypto market in the coming time, especially as U.S. lawmakers are reassessing regulations to facilitate innovation in the cryptocurrency space.

In the latest development from the coin market, according to sources from Reuters, the Australian Securities and Investments Commission (ASIC) has sued the derivatives business branch of the coin exchange Binance in Australia. The lawsuit arises from retail customers not receiving the necessary protection after being incorrectly classified as wholesale customers.
According to ASIC, from July 2022 to April 2023, this agency provided crypto derivative products to 505 retail investors, accounting for approximately 83% of customers in the domestic market, but they were incorrectly classified as wholesale customers. This left their rights and protections inadequately ensured.

Late 2024 marks a significant shift in the approach to cryptocurrencies from Republican lawmakers in the U.S. At a policy event in Washington, Senator Tim Scott, the newly appointed chair of the Senate Banking Committee, and Representative French Hill, chair of the House Financial Services Committee, expressed optimism about moving toward legislation, particularly with the Financial Innovation and Technology for the 21st Century Act (FIT21), which has bipartisan support. They aim to promote a collaborative effort between Congress and the upcoming Trump administration to establish comprehensive guidelines for the cryptocurrency market.

In the past two weeks, the crypto market in general and NEAR Protocol in particular have witnessed significant movements. Let’s review the trends of this altcoin and predict the situation in the near future.
Recent Trends of NEAR Protocol
In the past 15 days, NEAR Protocol has experienced a series of complex price fluctuations. From December 4 to December 7, the price of NEAR coin increased continuously, from 7.377 USD to a peak of 8.024 USD. This growth was also accompanied by an increase in market capitalization, from 8.977 billion USD to nearly 9.773 billion USD. However, afterwards, NEAR experienced a price shock on December 10, falling sharply to 6.530 USD.

12/18/2024 - In the tumultuous year of 2024, the cryptocurrency industry has witnessed significant transformations, from the development of new regulations to an unprecedented rise of Bitcoin against gold.
Changes in Legislation
Republican lawmakers in the U.S., including Senator Tim Scott and Representative French Hill, have promised to promote the regulatory framework for cryptocurrency that the industry has anticipated for years. At the Blockchain Association event in Washington, they announced that Congress, under newly elected President Donald Trump, would work to implement laws on digital assets. Key proposals include the Financial Innovation and Technology for the 21st Century Act (FIT21) and a bill on stablecoins, both aimed at bipartisan support.

December 21, 2024 - The world of cryptocurrency is once again in the spotlight with significant fluctuations driven by political developments in the United States. According to Reuters, U.S. Senator Elizabeth Warren has called for the incoming administration of newly elected President Donald Trump to apply ethical standards to Elon Musk – a billionaire known for his substantial investments in cryptocurrencies, including various altcoins.

The year 2024 sees groundbreaking developments in the field of cryptocurrency as coins and blockchain technology continue to evolve. This article will analyze the prominent trends that are strongly impacting the global crypto and altcoin markets.
1. Sustainability and Environmental Friendliness
With increasing pressure from the community and environmental activists, blockchain projects have begun to shift towards more environmentally friendly solutions. Networks like Ethereum have completed the transition from PoW (Proof of Work) to PoS (Proof of Stake), not only reducing the carbon footprint but also enhancing efficiency and security for the network. This transition also promotes the trend of developing altcoin projects that use renewable energy and green economic models.

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In a recent update from the financial market, the U.S. Department of the Treasury has imposed sanctions on two individuals and one entity based in the United Arab Emirates (UAE) for their involvement in a major money laundering network using cryptocurrency to support the North Korean government. According to reports from Reuters, these individuals used a shell company in the UAE to provide crypto exchange services and launder money to benefit Pyongyang's illicit profits.

On December 17, 2024 - According to information from Reuters, MicroStrategy (MSTR.O), known for its large Bitcoin holdings, has just been selected to join the Nasdaq 100 index, opening a new chapter for the interaction between the stock market and the crypto market. With this index valued at $25.7 trillion, MicroStrategy's inclusion will provide indirect exposure to Bitcoin through the company's holdings of up to $44 billion in Bitcoin, accounting for about 2% of the total global Bitcoin supply.

The crypto market is experiencing a feverish year-end as Bitcoin has just hit a record high of nearly $108,000 and is currently holding steady around $107,000. This bullish sentiment has been bolstered by pro-crypto remarks from President-elect Donald Trump following the US election. In particular, his pledge to create a strategic reserve for Bitcoin has sparked speculation about a more open policy towards cryptocurrencies. The market reaction has been one of growing institutional support for digital assets, with Exodus Movement being approved for listing on the NYSE American.

December 2024 witnessed strong movements of Sui (SUI), a notable altcoin in the cryptocurrency space. With incredible price fluctuations and special attention from the market, SUI is attracting the interest of investors worldwide.
Price movements of SUI in the first half of December
From December 3 to December 17, the price of SUI rose from $3.392 to a peak of $4.744 on December 14, before stabilizing at the current level of $4.75. Notably, December 6 witnessed a strong price surge when SUI reached $4.220, then continued to grow to peak mid-month.

The year 2024 marks a significant turning point in the development of cryptocurrency, as Bitcoin (BTC) reaches new heights, surpassing $107,000. This move is partly driven by positive expectations surrounding newly elected President Donald Trump's plan to build a national bitcoin reserve for the United States. However, while BTC prices soar, traders in the options market remain cautious. This is reflected in the negativity of the 25-delta risk reversal index on Deribit exchange, indicating high demand for put options to protect against potential price declines.

The year 2024 is witnessing an unprecedented maturation and volatility in the cryptocurrency market. With the continuous development of coins and altcoins, investors and experts are focusing their attention on the opportunities and challenges that this industry presents.
One of the notable highlights is the increasing support from traditional financial institutions. Many banks and large corporations have begun to implement the integration of cryptocurrencies into their investment portfolios. This not only brings greater reliability to the market but also opens up new opportunities for individual and institutional investors.

The cryptocurrency market is witnessing significant fluctuations as we approach the end of 2024, especially with the growth of Bitcoin Cash (BCH). Although the current price of Bitcoin Cash is 532.37 USD with an increase of 3.83% in the past 24 hours, this price change does not fully reflect all the exciting things happening in the crypto market.
Recent Developments of Bitcoin Cash

December 17, 2024 - According to information from Reuters, MicroStrategy, a software company known for hoarding Bitcoin, has officially joined the Nasdaq 100 index, an important step in expanding the company's presence in the technology market. The Nasdaq 100 index, which focuses on the largest non-financial companies, will now have indirect ownership of Bitcoin through MicroStrategy, which holds $44 billion worth of Bitcoin, equivalent to 2% of the total supply of this largest cryptocurrency.

Over the past year, the cryptocurrency sector globally has undergone many significant fluctuations, significantly impacting the Vietnamese market. Recent events have brought both opportunities and challenges for investors as well as those interested in blockchain technology.
One of the notable highlights is the strong development of altcoins. While Bitcoin maintains its position as the leading cryptocurrency, altcoins have demonstrated their strength through technological innovations and diverse applications. This indicates a shift from Bitcoin to a more diverse market, where other coins also have a place and growth potential.

Sources from Reuters reported that on December 16, the software company MicroStrategy made significant progress in preparing to join Nasdaq 100, a well-known technology index in the US. This event not only boosted MicroStrategy's stock price by about 3% but also opened new prospects for indirectly accessing Bitcoin for investors of this index.
MicroStrategy currently holds $44 billion worth of Bitcoin, accounting for about 2% of the total supply of the largest cryptocurrency in the world. With MicroStrategy's entry, funds tracking the Nasdaq 100, such as Invesco QQQ Trust, may need to buy shares of MicroStrategy, thereby continuing to drive up the price of this stock and indirectly stimulate Bitcoin prices.

The year 2024 marks a significant turning point in the world of cryptocurrency, as more and more countries and businesses recognize the importance of cryptocurrencies as part of the global financial system. Below are the highlighted trends that have attracted the attention of investors and experts in this field.
Governments of Eastern Countries Open Up Many Opportunities for Cryptocurrency
El Salvador, the first country to officially recognize Bitcoin as legal tender, continues to assert its pioneering position. With Bitget receiving a license to provide Bitcoin services here, the country is becoming a hub for cryptocurrency-related activities in the Latin American region. This not only creates new opportunities for the people but also encourages investment flows from international organizations. The El Salvador government is also negotiating with the IMF for a $1.3 billion loan, partly to strengthen financial capacity and continue reforming the current Bitcoin Law.

The year 2024 is witnessing significant changes in the cryptocurrency market, as coins and altcoins become hot topics not only within the tech community but also attracting the attention of investors and businesses worldwide.
1. New FASB Market Value Accounting Rule
Starting today, companies in the US can determine the value of Bitcoin assets based on actual market value, after the FASB's market value accounting rule takes effect. This is a significant step that could drive the acceptance of Bitcoin in business, helping them to more accurately reflect the value of their assets. However, this rule does not apply to NFTs and other digital assets.

In the latest development in the coin market, MicroStrategy, the famous software company and top Bitcoin buyer, has officially been added to the Nasdaq 100 technology index. According to Reuters, this advancement has created a positive wave, pushing MicroStrategy's stock price up by 6% in pre-market trading.
MicroStrategy, with its Bitcoin holdings worth $44 billion (equivalent to about 2% of the total global Bitcoin supply), joining the Nasdaq 100 index could provide additional richness and indirect exposure for investment funds tracking this index. Since this company began accepting Bitcoin as a treasury asset in 2020 under the leadership of co-founder Michael Saylor, MicroStrategy's stock has surged by up to 3,200%, despite recent reports of net losses as Q3 comes to a close.