From Halving To Trump’s Win: Crypto News 2024 Shocking The Market

• 2024 has been abuzz with groundbreaking crypto news, with the most notable one being the Bitcoin price surpassing the $100,000 milestone.
• The halving reduced Bitcoin’s mining rewards from 6.25 BTC to 3.125 BTC, reinforcing its deflationary design.
• the largest corporate holder of Bitcoin, MicroStrategy’s inclusion in the Nasdaq-100 Index marked a milestone for crypto’s integration into traditional financial markets.

Bitcoin’s price surge has reignited enthusiasm for the BTC and related cryptos. It has been positioned as an attractive source of passive income.

With Bitcoin attained the $100K milestone, it became an instant viral crypto news on a global level. That’s why investors are increasingly eyeing the crypto and stocks that have become high-yield investment portfolios.

Prominent Bitcoin-related stocks, such as MicroStrategy, Coinbase, and Metaplanet, have capitalized on Bitcoin’s robust supply-demand dynamics. By becoming pro-bitcoin firms, these stocks became multiple sources of crypto news pieces this year.

Similarly, these companies are maximizing returns and strengthening their market presence. In stark contrast, many non-crypto stocks have struggled to match the momentum.

This renewed interest in Bitcoin isn’t coincidental. The biggest crypto news of the year was the U.S. president-elect, who has openly declared his support for Bitcoin. ETFs have also played a major role. Now, with intense online discussion of more ETF approvals on the horizon, the momentum behind Bitcoin and related stocks appears poised to continue.

As the year draws to a close, it’s clear that 2024 has been a milestone year for cryptocurrencies and blockchain-related ventures. Continue reading to understand the key moments that were major crypto news pieces and have set the stage for an exciting 2025.

2024 Bitcoin Halving Was the Stage That Transformed This Year

April 2024 marked a pivotal moment in the crypto sector with one of the largest crypto news. Bitcoin underwent another highly anticipated halving event. This milestone reduced block rewards for miners from 6.25 BTC to 3.125 BTC.

The halving’s primary purpose was to control Bitcoin’s supply rate, aligning with its deflationary design. By cutting miner rewards, the event also forced less efficient miners to reconsider their participation. It has happened to potentially shrink the overall mining pool. Despite the cut in incentives, Bitcoin’s scarcity narrative remained a dominant theme.

Rather than an immediate price surge, the weekend after the halving saw Bitcoin transaction fees spike dramatically. It reached an average of $146. It also marked a significant moment highlighting the intense demand on Bitcoin’s network during the period.

Over time, however, transaction fees stabilized, and the post-halving frenzy subsided. Efforts like the Runes NFT collection were introduced to maintain fee revenues and invigorate interest in the ecosystem. Yet, the collection’s floor price experienced a downturn, reflecting broader market adjustments after the halving hype.

This halving captured global attention in the crypto sector by becoming the most important crypto news. It also laid the foundation for Bitcoin’s performance throughout the year.

Federal Reserve’s 2024 Rate Cuts Sparked Optimism Across Markets

Another major crypto news was witnessed in September 2024. The U.S. Federal Reserve implemented its first interest rate reduction in more than four years, trimming rates by 50 basis points (bps). This move ended weeks of speculation. It has signaled a shift in monetary policy and drawn positive reactions from the financial markets.

Moreover, Federal Reserve Chairman Jerome Powell emphasized his 50bps rate cut at that time. He said that the decision reflects the central bank’s commitment to supporting a low unemployment rate amidst signs of economic easing.

The Fed had previously pursued an aggressive rate hike strategy, starting in 2022, to combat soaring inflation. It was a policy stance that persisted until mid-2023. However, November 7, 2024, saw another step toward a more dovish approach, with the Fed announcing a 25 bps rate cut.

The trend continued with a third consecutive reduction on December 18, when the central bank lowered the federal funds rate by an additional 25 bps.

These consecutive cuts underscored the Federal Reserve’s evolving strategy to balance economic stability and growth in an uncertain global environment.

Trump’s Re-Election Fueled Crypto Market Optimism as SEC Chair Announced Exit

The cryptocurrency market has surged following Donald Trump’s re-election as President of the United States. Bitcoin (BTC) climbed to an unprecedented ATH, reflecting a wave of renewed investor confidence in the sector.

Adding to the bullish sentiment, SEC Chairman Gary Gensler announced his intention to step down on January 20, 2025. It became the most loved crypto news globally by market participants in Q4 2024. His departure is coinciding with President-elect Trump’s inauguration.

Gensler’s decision comes amidst mounting pressure, as Trump had previously vowed to remove him on “day one” of his presidency. That cited frustration over the SEC’s legal actions against crypto trading platforms.

Trump’s campaign promises of adopting a more crypto-friendly approach have generated significant enthusiasm in the market. Although the specifics of his policies remain unclear, the anticipation of a pro-Bitcoin administration has already contributed to the asset’s upward momentum.

As the Trump administration prepares to take office, the market remains optimistic. It awaits potential regulatory shifts that could further shape the future of cryptocurrency in the U.S.

MicroStrategy Joins Nasdaq-100: A Milestone for Crypto Exposure

In 2024, MicroStrategy, the largest corporate holder of Bitcoin, achieved a significant milestone by debuting on the Nasdaq-100 Index. This prestigious listing places the company among the top 100 Nasdaq corporations by market capitalization, enhancing its visibility and market profile.

MicroStrategy’s inclusion in the Nasdaq-100 reflects its bold decision to integrate digital assets into traditional financial markets. As the company continues to invest heavily in Bitcoin. This strategy indirectly offers investors exposure to the leading cryptocurrency through its shares.

The listing is a testament to the growing intersection of crypto and mainstream finance, potentially attracting institutional investors eager to tap into the expanding digital asset market.

Bitcoin Surpasses $100,000: A Landmark Year for Crypto

The 2024 crypto news highlights wouldn’t be complete without acknowledging Bitcoin’s historic achievement. The world’s largest cryptocurrency shattered previous records this year, as it crossed the $100,000 threshold and reached a new all-time high (ATH).

Over the past year, Bitcoin’s price has surged by an impressive 123%, adding approximately $1.2 trillion to its market capitalization. It is closing the year with a staggering valuation of $3.3 trillion.

This record-breaking rally has been fueled by renewed investor confidence, particularly following Donald Trump’s election victory. Bitcoin prices have climbed 41% since Election Day, driven by anticipation of favorable crypto policies under Trump’s administration.

The president-elect has frequently expressed his commitment to establishing the U.S. as a “crypto capital,” further energizing the market. Bitcoin’s monumental rise underscores its growing appeal and the increasing alignment of cryptocurrency with mainstream financial narratives.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.