The crypto market in 2024 was packed with significant events, making it a year to remember.
Bitcoin ETFs: Wall Street's Overachievers
Bitcoin ETFs, launched in early 2024, exceeded analysts' expectations by attracting over $38 billion in net inflows. Leading the pack was IBIT with $37.31 billion, while FBTC and ARKB garnered $11.84 billion and $2.49 billion, respectively. Bitcoin's price soared above $100,000, with some analysts forecasting a potential rise to $200,000.
Memecoins: A New Phenomenon
Memecoins came into the spotlight, particularly $WIF, which started as a joke but reached a market cap of $4 billion. Platforms like Pump.Fun capitalized on the hype, generating up to $93 million monthly.
Regulatory Shifts: Gensler's Exit
SEC Chair Gary Gensler announced his departure in January 2025, sparking hope for crypto-friendly regulatory changes. Paul Atkins, known for his pro-crypto stance, is expected to be appointed as his successor.
2024 was a remarkable year in the crypto space, offering substantial events to ponder over and anticipation for 2025.
