Cryptocurrency closes 2024: Total market value peaks near 40 trillion US dollars, Bitcoin price accumulates a rise of 121%
The "halving" of Bitcoin, the approval of Bitcoin and Ethereum spot ETFs in the US, and Trump's election victory have driven a surge in cryptocurrency market value. Data from Coingecko shows that the total market value of cryptocurrencies has risen from about $1.6 trillion at the beginning of the year to nearly $4 trillion at its peak. Among them, Bitcoin's price increased by 120.88% throughout the year, breaking through $80k, $90k and $100k milestones within a month after Trump's election victory, then gradually fell back after reaching a peak of $108353 and is now hovering around $93700. Ethereum has accumulated an increase of 45.6% over the year.
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