2024 was no less than a blockbuster for the crypto world.
From regulatory milestones to technological breakthroughs, every month unfolded like a chapter in an epic saga that redefined the digital financial landscape.
Let’s turn back the clock and relive the highlights of this transformative year step by step, from the fireworks of January to the triumphs of December.
January: A New Era with Bitcoin ETFs
2024 started with a bang on January 10 US SEC finally gives green light to 11 spot Bitcoin ETFs,
This historic approval opened a regulated pathway for institutional investors, sending the crypto market into a frenzy.
Following the ETF approval, the price of Bitcoin surged above $40,000, signaling the beginning of a new era where the cryptocurrency has become an attractive asset class for even the most conservative investors.
March: Ethereum’s Denkun upgrade
In March, Ethereum made much-anticipated waves denkun upgradeA technological leap that significantly reduced transaction costs on Layer 2 solutions like ZK-Rollup and Optimistic Rollup.
The Denkun upgrade boosts Ethereum’s efficiency, narrowing the gap with its rival Solana.
This is an important step toward solving Ethereum’s long-standing scalability challenges.
April: Bitcoin’s fourth halving event
Viewed on 19 April Bitcoin’s fourth halving eventAn important occasion in the crypto calendar.
The halving reduced mining rewards, effectively curbing the supply of new Bitcoins entering the market.
While the immediate price rise was more of a slow rise than an explosion, history indicated bullish momentum beneath the surface, leading traders and holders to prepare themselves for the much-anticipated bullish run.
June: Europe’s crypto regulatory dawn
The summer brought regulatory clarity to the EU as the Markets in Crypto-Assets (MICA) Regulation went into effect in June. EU Council endorsed the regulation In May, a bold step was taken towards legalizing and nurturing the growing crypto industry.
This comprehensive framework aims to protect crypto investors in the EU while fostering innovation while setting a potential global standard for crypto regulation.
July: Ethereum ETF approved
July added another milestone to the crypto cap SEC Approves Spot Ethereum ETF,
Although Ethereum’s price did not surge overnight following ETF approval, the approval was an important step in establishing the blockchain as a mainstream investment asset.
Meanwhile, Bitcoin experienced volatility, briefly falling below $54,000 before rising above $67,700 at the end of the month due to rising optimism.
October: Redemption for FTX
The main story of October was the phoenix-like rise of FTX.
Following its dramatic collapse in 2022, the exchange announced plans to begin compensating clients in January 2025.
November: Eclipse mainnet launch and Donald Trump’s victory
November was a game-changer, with two breakthroughs making headlines.
First, Eclipse launches its mainnetThe first to be built on Solana’s technology became Ethereum Layer 2.
This innovation demonstrated the potential for cross-chain collaboration, setting a new benchmark for blockchain interoperability.
Second, Donald Trump wins the US presidential electionBoosting cryptocurrency optimism.
Buoyed by optimism over Trump’s alleged crypto-friendly stance, Bitcoin responded by hitting an all-time high of $89,800.
December: Bitcoin reaches ATH above $108k
The year ended with fireworks in December as Bitcoin broke the psychological barrier of $100,000 and reached an all-time high of $108,268.45 on December 17. According to CoinMarketCap.
This historic milestone was driven by a mix of institutional investment, political headwinds and economic uncertainties.
Ethereum ETFs also saw record inflows, signaling the start of altcoin season with Ethereum leading the pack.
Ethereum briefly touched $4,000 as several altcoins like ONDO and memecoins like Baby Doge and PEPE reached new all-time highs.
on 20th december SEC Approves Bitcoin-Ether Index ETF for Hashdex and FranklinOffers investors a diversified entry point into the crypto market.
Conclusion: 2024 will be a memorable year for crypto enthusiasts
2024 wasn’t just another year in crypto; This was a clincher.
Each milestone, from the Bitcoin halving to the progress of Ethereum, from regulatory wins to technological innovations, solidifies the story of cryptocurrencies as a legitimate and integral part of the global financial ecosystem.
As the curtain closes on this epic journey, one thing is for sure: the story of crypto has just begun and 2025 is expected to get even spicier with the help of the new administration in the US, Donald Trump.
Post Epic 2024 Crypto Journey: From Crypto ETFs to Bitcoin Reaching $100k and More first appeared on Invez
