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As we bid adieu to the year 2024, it’s only fitting to look back at those stories and individuals that garnered the most attention throughout the crypto space. In a year marked by unprecedented milestones, it was not surprising that certain events would create more buzz than others.
Coming in third on our list is MtGox, the infamous exchange that was once plagued by a hack of staggering proportions. Ten years removed from the incident, the anniversary of the mega heist made headlines as creditors were still waiting for their compensation. The juxtaposition between then and now served as a stark reminder of just how far cryptocurrency has come.
However, it’s hard to ignore the sheer magnitude of attention surrounding Bitcoin in 2024. It was a year that will be remembered by many for its incredible highs and lows. A significant turning point came when Bitcoin finally secured an ETF, marking a major milestone in its journey towards mainstream acceptance. The news sent shockwaves throughout the market, with Bitcoin’s price surging from $40,000 to a staggering $73,000 within mere weeks.
This unprecedented growth was further accelerated by none other than former US President Donald Trump, who publicly endorsed Bitcoin during his campaign trail. His support proved to be the catalyst that put the afterburners on, leading to an astonishing close in December when Bitcoin smashed through the $100,000 mark.
In a year filled with controversy and debate, it was remarkable to see the cryptocurrency world come together in such unprecedented fashion. The opening up of Bitcoin ETFs to the global market, coupled with Trump’s endorsement, have undoubtedly cemented its place as an investible asset, banishing lingering concerns about the lack of tangible backing.
On a separate note, it’s worth mentioning Craig Wright, whose claims of being Satoshi Nakamoto were thoroughly debunked by experts and his colleagues. This controversy served as a reminder that not all news is created equal in the world of cryptocurrency.
Source: fullycrypto.com
