Market News
Bitcoin more than doubles in 2024 on spot ETF approval, Trump euphoria - REUTERS
By Manya Saini
- Summary
- Bitcoin surges over 120% and hits $100,000 milestone in 2024
- Sector market value reaches $3.5 trillion
- Institutional adoption grows
- Trump's re-election boosts industry confidence
Dec 31 (Reuters) - Bitcoin more than doubled in 2024 driven by the U.S. markets regulator's approval for exchange-traded funds tied to its spot price, and optimism over easing regulatory hurdles with Donald Trump set to return to the White House.
The world's largest and most well-known cryptocurrency hit $100,000 earlier this month, a milestone that has ignited 'animal spirits' among supporters of the once-nascent asset class.
