Investing.com — The cryptocurrency market reached a record high of $3.91 trillion in December 2024, driven by optimism about regulations, institutional adoption, and ‘s new all-time high of $108,000.
Factors that contributed to Bitcoin’s rise included MicroStrategy’s inclusion in the and continued Bitcoin acquisitions, according to Binance Research.
However, the market saw a sharp correction towards the end of December when the Federal Reserve scaled back its planned 2025 rate cuts from four to two, despite a modest 0.25% cut during the month.
This decision resulted in a market correction that erased over $0.5 trillion from the cryptocurrency market capitalization.
Despite the late December correction, Bitcoin ended the year with a 123.4% increase in its market cap, ranking it as the 7th largest global asset by market cap, ahead of
