In 2024, Bitcoin emerged as the top-performing asset class, driven by new ETFs and hopes for regulatory easing following a presidential election. The cryptocurrency soared from around $40,000 to nearly $95,500, peaking above $108,000 in mid-December. Ether also experienced a significant 50% gain, trading around $3,400. However, Bitcoin faced recent declines due to expectations of slower Federal Reserve rate cuts and profit-taking. New Bitcoin ETFs attracted over $50 billion, while Ether ETFs gained over $2 billion. Stocks linked to cryptocurrencies, like MicroStrategy, saw substantial gains, although some mining stocks lagged behind.
