This Has Been the Year of Bitcoin Dominance. Here's What's Next

The leading cryptocurrency has outperformed the broader market, demonstrating resilience both during rallies and corrections, solidifying its position

2024 will be remembered as the year of Bitcoin (CRYPTO: BTC) dominance.

The leading cryptocurrency outperformed the broader market, showing resilience during both rallies and corrections, solidifying its position as the cornerstone of the crypto space.

Bitcoin's journey in the final months of 2024 was particularly interesting.

Social media platforms like X, Reddit, Telegram, 4Chan, BitcoinTalk, and FarCaster saw a surge in discussions as Bitcoin approached milestones of $90K, $100K, and $110K.

This chatter highlighted the emotional rollercoaster retail traders faced in a zero-sum market dominated by whales, where small traders often ended up buying tops and selling bottoms.

In late November, there were widespread concerns that Bitcoin would fall back to $90K as its momentum slowed following the “Trump Pump.” Many traders said they planned to buy during this dip.

However, Bitcoin went on to hit a high of over $103K in early December, breaking through $100K for the first time after several failed attempts.

This unexpected move triggered a wave of FOMO (Fear of Missing Out), with retail traders rushing to capitalize on Bitcoin's new all-time high.

By December 16, Bitcoin peaked at around $108.3K, with social media abuzz with chatter about the asset hitting $110K. This price point became a key target for many retail traders to take profits.

But this optimism was dampened by the subsequent market activity. Altcoin and memecoin enthusiasts banded together, with the latest example... Continuing Reading on The Hard Fork