Bitcoin Market Sees Major Shifts in 2024

Bitcoin's market witnessed significant shifts in 2024, with the launch of spot Bitcoin ETFs amassing $129 billion in total net assets, indicating strong institutional interest. Bitcoin's price surged to over $100,000, influenced by Donald Trump's pro-crypto policies and potential regulatory clarity under his administration. Despite a slight recent dip, experts remain optimistic, with predictions of prices reaching up to $200,000 by the end of 2025, driven by continued institutional adoption. Alongside Bitcoin, Virtuals Protocol emerged as the best-performing cryptocurrency of 2024, skyrocketing by 23,000% due to its integration of blockchain with AI technology. The broader crypto market, however, faces potential challenges from broader economic factors, such as inflation and Federal Reserve policies. Nevertheless, the cultural and economic impact of Bitcoin continues to grow, with a notable resurgence in interest and optimism among investors.