In 2024, a historic year for the crypto industry. In this article, we review five impactful events that pushed the digital currency market to its highest level. 1. Approval of Bitcoin Spot ETFs by the U.S. Securities and Exchange Commission (SEC): In the fourth quarter of 2023, Grayscale won a significant legal battle against the SEC, allowing its Bitcoin Trust to be converted into an Exchange-Traded Fund (ETF). As a result, 2024 began with the approval of 12 Bitcoin spot ETFs by the SEC, marking Bitcoin’s entry into the U.S. investment market. 2. Solana’s Meme Coins Growth: The crypto community will always remember 2024 as the year of the boom in Solana’s meme coins. Although meme coins existed on the Solana network for some time, platforms like Pump.fun boosted their popularity. This move placed Solana’s meme coins as the fourth favorite in investors’ preference list. 3. Donald Trump’s Election Victory: While the crypto industry is known for its decentralized nature, the impact of political activities on this industry is undeniable due to regulatory aspects. Donald Trump’s victory in the 2024 elections had a significant impact on the digital currency industry, initiating a period of optimism and growth. The most significant impact of Trump’s victory was on Ripple, pushing its price to its highest level in the past six years. If the U.S. eases restrictions, countries like China and Russia may also take note. 4. Bitcoin Price Surpasses $100,000: Perhaps the biggest and most anticipated event of 2024 was Bitcoin reaching the $100,000 mark. This level was a psychological milestone for Bitcoin and the crypto community, indicating the evolution and acceptance of Bitcoin as a financial asset, strengthening the trust of retail and institutional investors. 5. Departure of Gary Gensler: For a long time, Gary Gensler, the current head of the SEC, had created numerous challenges for the crypto industry in the United States. However, with Trump’s victory, the SEC is seriously restructuring its management. In this regard, in November 2024, Gensler announced his resignation. On the live digital currency price page, you can view the prices of all tokens and cryptocurrencies live and in real-time.
