In 2024, significant developments surrounding Bitcoin (BTC) and the broader cryptocurrency market have garnered attention. The year commenced with the approval of nine spot BTC exchange-traded funds (ETFs) and saw BTC reaching new all-time highs. Several price drops also occurred, but they were followed by notable recoveries.

While many anticipated the BTC halving in early April, a crucial battle for individual rights to engage with Bitcoin unfolded quietly. In Louisiana, the state's House of Representatives unanimously passed a bill introduced by Mark Wright and supported by the Pelican Institute. The legislation aimed to protect people's rights to trade, self-custody, and mine Bitcoin.

Bitcoin protection bills have also triumphed in Missouri, Nebraska, Mississippi, along with other states. The bills ensure the right to mine, trade, and hold Bitcoin while also preventing additional taxes on BTC mining operations.

The price of Bitcoin has significantly surged, with a 136.81% increase in the last 52 weeks and a 143.40% increase in the last six months. As of 2024, BTC has risen by 62.39% since the beginning of the year.

Although Bitcoin experienced a modest 0.71% increase in the last 24 hours to $66,720 and a 6.34% decrease on the weekly chart, it recently reached a new all-time high near $73,000. It is crucial to note that all investment decisions come with risks and should not be considered financial advice.