The cryptocurrency market experienced a rollercoaster year in 2024, driven by inflation, geopolitical uncertainty, and growing interest in crypto as a financial hedge. Bitcoin, in particular, surged despite macroeconomic headwinds, reaching a new all-time high. The article analyzes Bitcoin's performance, external factors influencing the market, and the potential for continued growth in 2025.
From inflation spikes to geopolitical tensions, Bitcoin’s journey has been turbulent, but it’s built the momentum needed for 2025. Stablecoins are rising as the new gold, leading a financial revolution as the anti-dollar coalition grows. 2024 was a wild ride for cryptos. Inflation skyrocketed, traditional markets got rocked by global drama, and more people started looking at crypto as their financial “Plan B.” a chance to prove itself as digital gold, and it didn’t disappoint.
Now, as we look ahead to 2025, the crypto world is holding its breath, wondering what’s next. Speculation is high, but the stakes are even higher. It’s no coincidence – Bitcoin surged thanks to a triple-digit YTD growth, climbing as high as $108k on the charts, before retracing to $98,334 at press time. In fact, it might just be closing the year four times Why? Every fourth year is famously bullish for Bitcoin, setting off momentum that carries into the years ahead, fueled by a mix of internal and external factors. True to form, BTC once again lived up to its reputation. However, the crypto market remains tightly connected to external forces. Investor sentiment is still largely shaped by macroeconomic trends, which dictate their ‘risk appetite’– A reality that became even more apparent as the year came to a close. When the FOMC adopted a cautious stance on economic data and hinted at rising volatility, the crypto market took a hit. In just three days, the market cap dropped from an ATH of $3.77 trillion to $3.13 trillion – A steep 17% decline. Meanwhile, the U.S Dollar surged to a three-year high. The impact wasn’t confined to Bitcoin alone – Major currencies like the Japanese Yen also struggled, hitting a five-month low on the charts. Clearly, the Fed’s single announcement caused ripple effects across global markets, directly or indirectly influencing crypto demand. A deeper look at the metrics, however, revealed a massive shift in market behavio
BITCOIN CRYPTOCURRENCY FINANCIAL MARKET MACROECONOMICS 2025
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prince George Residents Favor Maintaining 2024 Budget Levels for 2025A survey conducted by the City of Prince George revealed that residents prefer to maintain 2024 funding levels in the upcoming 2025 budget. The survey received 930 responses on budget specifics and 941 on satisfaction with city services, with most respondents supporting maintenance or slight increases in spending for various service areas.
Read more »
OPEC again cuts its 2024 and 2025 oil demand growth forecastsOPEC said it now expects 2024 global oil demand to rise by 1.61 million barrels per day, down from its forecast of 1.82 million bpd last month
Read more »
Jonathan D. Corpina's 2024 Market Wrap Up and Resolutions for 2025Jonathan D. Corpina, Senior Managing Partner at Meridian Equity Partners, offers insights into the 2024 market and provides four resolutions for investors in 2025 to achieve financial prosperity.
Read more »
Energy Sector Praises 2024 but Warns of 2025 ChallengesLeaders in the energy sector expressed satisfaction with 2024 but voiced concerns about future uncertainties. The Canadian Association of Energy Contractors hosted its annual State of the Industry event in Calgary, highlighting record job creation but also the potential negative impact of U.S. policy changes and trade uncertainties.
Read more »
OPEC again cuts 2024, 2025 oil demand growth forecastsOPEC cut its forecasts for oil demand growth this year and next on Wednesday, highlighting weakness in China, India and other regions in the producer group's fifth consecutive downward revision.
Read more »
Men's Hockey Looks Ahead to 2025 After a Wild 2024Connor McDavid and the Edmonton Oilers' heartbreaking Stanley Cup loss was just one highlight of a year filled with major moments for men's hockey. From the NHL's push to return to the Olympics to the 4 Nations Face-Off, 2024 was a year of change and anticipation.
Read more »