$BTC December 2024, the cryptocurrency market initially surged to a record US$3.91TB. This was fueled by regulatory optimism, institutional adoption, and Bitcoin's new all-time high of US$108k which was driven by MicroStrategy’s inclusion in the Nasdaq 100 as well as continued BTC acquisitions. The rally faltered in late December when the Federal Reserve reduced its planned 2025 rate cuts from four to two, despite a modest 0.25% cut during the month, triggering a sharp market correction that wiped over US$0.5TB from the cryptocurrency market capitalization.

After a stellar year, including multiple all-time highs, Bitcoin closed the year with a ~123.4% year-to-date (YTD) market cap growth. This achievement ranks it as the 7th largest global asset by market cap, ahead of Saudi Aramco and Silver. Among the top 10 global assets, Bitcoin is one of the best performers this year, second only to Nvidia. Key drivers included wider market resurgence coinciding with catalysts like spot ETF approvals, Bitcoin Halving, monetary policy shifts, and expectations of a more supportive regulatory environment. If this growth continues into 2025, Bitcoin could rise further in the rankings, strengthening its position as a leading asset class.