The last year of each calendar year usually witnesses significant activity in the digital currency markets, as prices are affected by several factors such as seasonal trends, global market movements, and political events in general.

As 2024 draws to a close, the cryptocurrency market is showing predictable dynamics based on what has happened in the past five years.

Historical trends in the last month of the years (2019 - 2023):

1. Seasonal highs:

December often sees a surge in some cryptocurrencies as a result of year-end investment inflows.

For example:

- December 2020, #البيتكوين‬⁩ surged to record highs above $28,000 due to increased institutional interest.

- December 2021, Altcoins such as #Solana and #Avalanche saw huge jumps due to the increasing demand for DeFi projects.

2. Acute corrections:

Sometimes, price corrections occur as a result of profit taking or economic tensions:

- December 2019, markets saw a moderate decline as Bitcoin settled at around $7,000.

- December 2022 Global recession fears and the FTX scandal led to a significant drop in the market, making the last month one of the worst periods.

3. Institutional impact:

Institutional investor activity picks up towards the end of the year due to annual account closures, as happened in 2020 and 2021 when cryptocurrencies attracted significant institutional interest such as Grayscale and MicroStrategy.

Current Status of Cryptocurrency Market (2024):

As we enter the last month of 2024, the following points can be noted:

1. Bitcoin price volatility:

Bitcoin hit record highs in the middle of the year above $80,000, but has seen sharp volatility in recent months. Expectations are for Bitcoin to stabilize between $70,000-75,000 by the end of December, barring major events.

2. The rise of alternative currencies:

Coins associated with advanced blockchain projects, such as Solana and #Cardano , are seeing increasing interest thanks to technical innovations and the expansion of their networks.

3. Shifting to sustainable projects:

Sharia-compliant and environmentally-focused currencies, such as Algorand

Stellar may attract interest amid the trend towards ethical investments.

4. External factors:

Political and economic news, such as decisions by the US Federal Reserve, or the adoption of cryptocurrencies in new countries, can play a pivotal role in moving the market.

Predictions for the end of 2024:

1. Relative stability:

Bitcoin is expected to see relative stability between $70,000-75,000 with potential spikes if institutional inflows increase.

Altcoins like Solana and XRP could see gains of 10-20% due to increased demand.

2. High liquidity:

Liquidity in digital markets typically increases towards the end of the year due to annual closings and institutional investor movements.

3. Speculative opportunities:

Smaller coins with promising projects may see 50-100% gains due to speculation, but the risks will remain high.

4. Potential challenges:

If new regulatory issues or collapses of trading platforms arise, the market may come under pressure leading to a sudden drop.

Conclusion:
As 2024 draws to a close, the final month offers great opportunities for traders, but also carries with it the risk of extreme volatility. The general trend points to stability in major currencies such as Bitcoin and Ethereum, while altcoins could perform well, supported by strong projects and institutional trends.

But investors should be careful, rely on historical data analysis, and anticipate market reactions to global economic events.