2024 was a landmark year for the cryptocurrency industry, marked by several pivotal events. Among the most notable was the U.S. Securities and Exchange Commission's (SEC) decision to approve exchange-traded funds (ETFs) for both Bitcoin and Ethereum. This move signaled a greater mainstream acceptance of these digital assets.
Additionally, Bitcoin experienced its fourth halving event, influencing its inflation rate and market dynamics. This event historically impacts Bitcoin's price and scarcity. As a result, Bitcoin's value surged past the remarkable $100,000 mark, a significant milestone that caught the attention of investors and enthusiasts worldwide.
These developments highlight the transformative shifts within the crypto space, reflecting its evolving nature and increasing relevance in the financial world. The year 2024 truly stood out as a period of unprecedented growth and change for cryptocurrencies.
