KAFI HASAN
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878481547
Here are the latest developments in the cryptocurrency world as of December 2024:
Bitcoin Hits $100,000 Milestone
Bitcoin (BTC) has surpassed $100,000, driven by institutional interest and macroeconomic factors like inflation concerns. Analysts predict the rally could extend to $150,000 by mid-2025, supported by reduced supply post-halving and increased adoption by major corporations like Tesla【8†source】【9†source】【10†source】.
Ethereum Gaining Momentum
Ethereum (ETH) has climbed 50% since early November, reaching $3,700. Analysts believe it could surpass $4,300 by the end of December, fueled by growing DeFi and NFT adoption, alongside its deflationary tokenomics following the transition to Proof-of-Stake【9†source】【10†source】.
Altcoin Season Emerging
With Bitcoin dominance declining, capital is shifting towards altcoins. Tokens like XRP, Solana (SOL), and Cardano (ADA) are experiencing increased trading volumes, with many predicting strong performances heading into 2025【9†source】【10†source】.
Regulatory Developments
U.S. Representative French Hill has announced a pro-crypto agenda as Chair of the Financial Services Committee, signaling possible regulatory clarity for the industry. Globally, cities like Vancouver are exploring Bitcoin-friendly policies【8†source】【9†source】.
New Altcoin Trends
Emerging coins like Velodrome Finance (VELO) and Kaia are making waves. VELO saw an 80% price surge after being listed on Binance, while other altcoins are drawing investor interest for their innovative features【10†source】.
878481547
Here are the latest developments in the cryptocurrency world as of December 2024:
Bitcoin Hits $100,000 Milestone
Bitcoin (BTC) has surpassed $100,000, driven by institutional interest and macroeconomic factors like inflation concerns. Analysts predict the rally could extend to $150,000 by mid-2025, supported by reduced supply post-halving and increased adoption by major corporations like Tesla【8†source】【9†source】【10†source】.
Ethereum Gaining Momentum
Ethereum (ETH) has climbed 50% since early November, reaching $3,700. Analysts believe it could surpass $4,300 by the end of December, fueled by growing DeFi and NFT adoption, alongside its deflationary tokenomics following the transition to Proof-of-Stake【9†source】【10†source】.
Altcoin Season Emerging
With Bitcoin dominance declining, capital is shifting towards altcoins. Tokens like XRP, Solana (SOL), and Cardano (ADA) are experiencing increased trading volumes, with many predicting strong performances heading into 2025【9†source】【10†source】.
Regulatory Developments
U.S. Representative French Hill has announced a pro-crypto agenda as Chair of the Financial Services Committee, signaling possible regulatory clarity for the industry. Globally, cities like Vancouver are exploring Bitcoin-friendly policies【8†source】【9†source】.
New Altcoin Trends
Emerging coins like Velodrome Finance (VELO) and Kaia are making waves. VELO saw an 80% price surge after being listed on Binance, while other altcoins are drawing investor interest for their innovative features【10†source】.
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