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Bitcoin recently crossed the $100,000 mark for the first time, having skyrocketed nearly 140% this year. This surge has generated excitement, especially with the anticipation that President-elect Donald Trump will support cryptocurrencies. Trump has expressed his goal to make America the “crypto capital of the planet” and even proposed creating a national stockpile of Bitcoin.
2024 began with significant momentum for cryptocurrencies, especially like Bitcoin and Ethereum, eliciting enthusiasm among crypto enthusiasts. As of Dec. 05, 2024, Bitcoin hyped to an exceptional all-time high at $103,900, with a market capitalization of $2.02 trillion, representing a 6.80% increase in the last week.
Love it or loathe it, XRP has cemented itself as a prominent player in the crypto market. Ranked sixth by market capitalization, XRP has held a spot among the top-ranking cryptocurrencies for more than 10 years.
Bitcoin, the world’s biggest cryptocurrency, has become one of the most eye-catching movers in the week since the US presidential election, crossing the $90,000 mark.
On November 14, Bitcoin recorded a surge of 21.05% over the last seven days. It was trading at $90,617.33 and had a market cap of $1.79 trillion at the time the article was being written.
Web3 startups have raised over $5.4 billion in venture capital during the first three quarters of 2024. This figure reflects a significant investment trend, with $1.4 billion raised in the third quarter alone.
Investors are increasingly targeting emerging markets at the intersection of blockchain and artificial intelligence (AI), while projects focused on decentralized blockchain infrastructure have also recently drawn substantial capital flow.
Even as Bitcoin reaches $80,000 a piece, sparking renewed investment interest, India is yet to make significant progress in establishing a regulatory framework for cryptocurrency. According to a report by Chainalysis, India currently leads the world in the global crypto adoption index this year.
This report provides a cutting-edge overview of the trends shaping the cryptocurrency landscape. Below, you will find a comprehensive analysis of Bitcoin's recent price movements, particularly as it approaches the long-anticipated milestone of $100,000 per coin. Moreover, this report examines the behavior of long-term holders (LTHs) during this rally.
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