In December 2024, the cryptocurrency market experienced a surge in trading activity, with total spot trading volume reaching $2.14 trillion, an 8% increase from the previous month and a 142% growth compared to the previous year. This coincided with Bitcoin reaching historic highs above $108,000. Binance continued to dominate the market with a 47% market share and $1 trillion in trading volume. South Korea's Upbit and ByBit also showed exceptional performance, with monthly growth rates of 21% and 20% respectively, and year-over-year growth exceeding 200%. Coinbase and OKX also reported steady growth. Despite a decline in December, Bitcoin's price remained above $90,000, leading to increased activity from both retail and institutional investors. The market volatility was attributed to the U.S. Federal Reserve's potential interest rate cuts and news of the government liquidating seized Bitcoin from Silk Road. However, analysts remain optimistic about Bitcoin's long-term trajectory, predicting significant price increases by 2025, with some projecting targets of $150,000 to $200,000.



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