The year 2024 was a significant one for Bitcoin, with various milestones and developments taking place. One major event was the approval of Bitcoin ETFs by the Securities and Exchange Commission (SEC) in January. This allowed retail investors to easily invest in Bitcoin through traditional stock exchanges. Bitcoin reached an all-time high in March, but faced challenges throughout the year due to geopolitical risks and government actions. However, the asset regained momentum after interest rate cuts by the Federal Reserve in September and November. In December, Bitcoin surpassed $100,000 for the first time, partially due to expectations of a more crypto-friendly regulatory environment under the reelection of Donald Trump. The year also saw increased institutional adoption of Bitcoin, with companies like MicroStrategy aggressively buying the cryptocurrency. The Bitcoin halving, an event that occurs every four years to control inflation, also took place in 2024. Additionally, the launch of the Runes protocol on the Bitcoin network created a craze for token creation, although it resulted in high transaction fees. Overall, 2024 marked a significant year for Bitcoin in terms of mainstream adoption, price milestones, and new technological advancements.



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