#CryptoMarket4T The cryptocurrency market in Q4 2024 (October, November, December) experienced a significant bull run, marked by substantial gains across major cryptocurrencies and a growing mainstream acceptance. Here's a breakdown of the key trends, price movements, and influencing factors:
Key Trends and Market Performance:
* Overall Market Growth: The total cryptocurrency market capitalization saw a massive acceleration, reaching an all-time high of approximately $3.91 trillion, representing a +45.7% increase in Q4 2024. The total crypto market cap almost doubled in 2024, increasing by +97.7%.
* Bitcoin (BTC) Performance: Bitcoin continued its strong performance, reaching a new all-time high of $108,469 on December 17th and closing the quarter around $93,339. It experienced a price increase of approximately 47% in Q4, and its dominance in the market increased to 53