What happened to bitcoin in the first half of 2024?

In the first half of 2024, the cryptocurrency market experienced significant volatility, with Bitcoin at the forefront. The initial months saw a steady rise in prices, fuelled by renewed interest from investors and speculation about potential regulatory changes. However, as the half-year mark approached, a series of unexpected events took place. Firstly, a high-profile hack of a major bitcoin exchange shook the market, leading to a sharp decline in prices. Additionally, concerns over environmental sustainability and the carbon footprint of Bitcoin mining also gained prominence, putting further pressure on the asset. Despite some recovery attempts, the first half of 2024 ultimately ended with Bitcoin prices significantly lower than their starting point, reflecting the challenges and uncertainties facing the cryptocurrency market.