Cryptocurrency 2024 year-end: Total market value peak approaching $4 trillion, Bitcoin price rises over 120%

On January 1st, the “halving” of Bitcoin, the approval of Bitcoin and Ethereum spot ETFs in the United States, and Trump’s victory drove the market value of cryptocurrencies to soar. Data shows that the total market value of cryptocurrencies has risen from about $1.6 trillion at the beginning of the year to a peak of nearly $4 trillion. Among them, the price of Bitcoin has risen by 120.88% throughout the year, breaking through the $80000, $90000, and $100000 thresholds within a month after Trump’s victory, and then gradually falling back after reaching a peak of $108353, now hovering around $93700. Ethereum has risen 45.6% throughout the year.

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