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Here’s a summary of the key events in cryptocurrency for 2024:

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1. U.S. Approval of Spot Bitcoin ETFs

Date: January 2024

Significance: The U.S. SEC approved 11 spot Bitcoin ETFs, allowing investors to directly invest in Bitcoin through traditional stock markets.

Impact: Institutional interest in Bitcoin surged, and trading volumes increased, contributing to Bitcoin’s price rally.

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2. Bitcoin Reaches $100,000

Date: December 2024

Significance: Bitcoin achieved a record-breaking price of over $100,000.

Drivers:

Institutional adoption.

Supportive policies from President-elect Donald Trump.

Global interest in Bitcoin as a reserve asset.

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3. Altcoin Market Volatility

Event: Decline in XRP and mixed performance of other altcoins.

Cause: Profit-taking, regulatory uncertainties, and the shift of attention to Bitcoin due to ETF approvals.

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4. Increased Institutional Investments

Highlights:

Companies like Coinbase and Robinhood saw significant share price increases due to ETF-related optimism.

Traditional financial institutions expanded their crypto offerings.

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5. Political and Regulatory Developments

Trump’s Pro-Crypto Stance:

President-elect Donald Trump pledged to establish the U.S. as a global crypto hub.

Promised a national strategic Bitcoin reserve.

Global Regulations:

Countries like the UK and Singapore introduced clearer regulatory frameworks for crypto assets.

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6. Ethereum and Layer-2 Technologies

Focus: Development of Ethereum’s ecosystem and Layer-2 scaling solutions like Optimism and Arbitrum.

Impact: Reduced transaction fees and increased adoption of decentralized applications (dApps).

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7. Rise of AI and Blockchain Integration

Event: Increased interest in combining AI with blockchain technology.

Use Cases: Fraud detection, automated trading, and decentralized autonomous organizations (DAOs).

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8. Crypto Donations in Politics

Details: Crypto industry donated $148 million to support pro-crypto candidates in the U.S. elections, showcasing its growing political influence.

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These events underscore 2024 as a transformative year for the cryptocurrency industry, with notable advancements in adoption, regulation, and market performance.