In 2024, Bitcoin's price soared to new heights, reaching $108,000 after starting the year at $40,000. The launch of Bitcoin ETFs, particularly BlackRock's iShares Bitcoin Trust ETF (IBIT), contributed to this surge, attracting over $50 billion in investments. Ethereum ETFs also gained popularity, attracting $2 billion in six months, while Ether itself saw a 50% increase in value. The U.S. presidential election, with Donald Trump winning over Kamala Harris, was seen as favorable for crypto, boosting investor confidence. However, December brought some challenges, with profit-taking and expectations of fewer Federal Reserve rate cuts negatively impacting the market. Nonetheless, Bitcoin's yearly performance outshined all other investment classes, including the S&P 500, Dow, and Nasdaq. The April halving of block rewards affected mining stocks, leading to double-digit losses for companies like Mara Holdings and Riot Platforms. Nevertheless, companies closely tied to Bitcoin, such as MicroStrategy and Coinbase, experienced significant gains. MicroStrategy even earned a spot in the Nasdaq 100 index after its successful Bitcoin investments.



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