This news article highlights major events in the crypto space during 2024, focusing on the approval of a Bitcoin Spot ETF and the pro-crypto stance of the elected President, Donald Trump. It discusses the potential impact of these developments on the future of Bitcoin and the crypto industry.
The past year has been highly eventful. From Bitcoin’s halving to the Ethereum Spot ETF approval, from the quantum computing threat to Bitcoin briefly seizing headlines, here are some of the year’s big highlights.The biggest development by far was the Bitcoin Spot ETF approval. This came after some false alarms caused massive BTC price volatility, such as the one fromin October 2023. On 10 January 2024, the U.S.
Crypto Twitter went haywire, and investors were delirious at the idea of BTC being open to millions of mainstream investors. The emergence of BlackRock and Fidelity as two of the largest ETF funds was also a major boost to sentiment. They currently hold 550k and 200k BTC, respectively. From being a niche asset class, BTC is now open to the public. The funds are regulated and managed by some of the largest entities in the financial world. Michael Saylor, Co-founder and former CEO of MicroStrategy, has also been relentlessly buying Bitcoin. Other companies are beginning toThe 2024 presidential campaign spurred many debates about either candidate and the kind of administration they would bring.
In fact, the President-elect even made promises to make the USA the crypto-capital of the world. Policy reformations would probably be introduced to bring regulatory clarity. Trump also made public the intention to fire SEC Chair Gary Gensler, a known crypto critic with a tendency to be aggressive in his oversight of crypto. Gensler would be stepping down on 20 January, Trump’s inauguration date.gain popularity. It allows users to gain or lose from the outcome of world events.
Finally, Uniswap , the world’s largest decentralized exchange on Ethereum, set records in November. Its monthly trading volume for a Layer-2 solution hit $38 billion, surpassing the $34 billion high it set in March 2024.Akashnath Sumukar works as a Senior Journalist at AMBCrypto. Based in Chennai, India, he has been an avid follower of the cryptocurrency market since Bitcoin’s boom and bust cycle of 2017. A graduate in Chemical Engineering, he is an expert in technical analysis.
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