By 2024, Bitcoin had reached a new milestone with its highest price ever recorded at $108,077. This significant surge in value marked a new chapter for the cryptocurrency.
Was this helpful?
344
99
BiancaTue Dec 24 2024
Several key events contributed to this remarkable increase. The US presidential election played a pivotal role, as changes in political leadership often impact the economy and financial markets.
Was this helpful?
51
50
ZenHarmoniousTue Dec 24 2024
Major financial institutions, such as BlackRock, entered the Bitcoin market by launching new Bitcoin ETFs. This move brought legitimacy and increased investor interest in Bitcoin.
Was this helpful?
190
26
TaekwondoPowerTue Dec 24 2024
Another significant factor was the Bitcoin halving, which occurred on April 20, 2024. This event reduced the reward for mining Bitcoin by half, making it scarcer and potentially more valuable.
Was this helpful?
260
49
SeoulStyleTue Dec 24 2024
BTCC, a top cryptocurrency exchange, offers a range of services to cater to the growing demand for Bitcoin and other cryptocurrencies. Its services include spot trading, futures trading, and a secure wallet for storing digital assets.