In 2024, Bitcoin reached several historic milestones, including surpassing the six-digit threshold, fueled by a broader crypto rally following Donald
Bitcoin and several other cryptocurrencies reached new heights in 2024, continuing the strong momentum from the previous year. The world's leading cryptocurrency began the year at around $66,000, and after a period of consolidation, it started to climb again in the second quarter, fueled by a broader crypto rally and Donald Trump's victory in the U.S. presidential elections.
Bitcoin's price surged to a new all-time high of $100,000 in October, driven by increased institutional adoption and demand from retail investors. However, its further advance was limited by a sell-off in the digital asset markets later in the year.
Despite the sell-off, Bitcoin still managed to add around $1.2 trillion to its market capitalization in 2024, growing by 47% since the elections. As of today, its price has corrected to $95,000.
Among the top cryptocurrencies with a market capitalization of over $5 billion, Pepe, a token inspired by the meme frog, stood out as the best performer. It soared by 1,570%, making it the most successful asset of the year.
In second place was SUI, the native token of the Sui blockchain network, which gained 509%. Notably, Dogecoin, heavily promoted by entrepreneur Elon Musk in recent years, outperformed Bitcoin with a 333% rise, reaching levels not seen since the pandemic.
Also, performing well were XRP, Stellar, Toncoin, Shiba Inu, and TRON, which rose by 304%, 233%, 155%, 150%, and 155%, respectively.
Overall, altcoins and meme coins had a remarkable year in 2024, with many of them outperforming Bitcoin in terms of percentage gains.
