The cryptocurrency market experienced significant developments in 2024. The launch of Spot Bitcoin $98,141 ETFs, the Bitcoin halving that occurred in April, and Donald Trump’s renewed support for cryptocurrencies in the United States drew attention back to the sector. These events infused new energy into the market, particularly increasing interest from both institutional and individual investors.
Bitcoin ETFs and Trump’s Support Energized the Market
The introduction of Spot Bitcoin ETFs provided investors direct access to cryptocurrencies. This development was regarded as a significant turning point for the market. The Bitcoin halving in April presented new challenges for the mining sector, while President Trump’s support made cryptocurrencies more visible in mainstream discussions.
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