This report provides an overview of the performance and trends in the cryptocurrency market during the past year, highlighting key developments and market movements.
Highlighting the Top 5 Coins by Market Cap in 2024
As we delve into the year 2024, the performance of the top 5 coins by market capitalization has been a subject of close attention among investors and traders. While BTC, SOL, and BNB exhibited remarkable gains, reaching new all-time highs, ETH faced challenges in maintaining its momentum throughout the year.
Beginning with Bitcoin, the year 2024 brought forth a continuing bull run, with BTC experiencing an impressive price increase of 130% over the year. This rise was largely driven by the anticipation of a crypto-friendly administration following Donald Trump's victory in the US presidential election and the announcement of his policies regarding digital assets.
As a result of this favorable environment, BTC soared to new all-time highs, reaching levels of over $90,000 during this period. These gains also had a substantial impact on other cryptocurrencies, influencing their price movements and market trends.
Next in line, Solana (SOL) also had a standout year in
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