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| 2024 in a Blink of an Eye | 2024 was Bitcoin's breakout year, as it leapt into traditional finance and smashed an all-time high of $108K ! From institutional adoption to retail FOMO, BTC didn't just ride the wave—it was the wave. The king of crypto proved it's still the star of the show! | | | | This Year's Top Gainers & Biggest Losers | Memecoins stole the show in 2024, grabbing over 30% of user attention—because who doesn't love a good pump-and-dump with a side of laughs? Meanwhile, Bitcoin and major altcoins hit new all-time highs , rewarding loyal HODLers handsomely. But let's talk specifics: Here are the top 5 most profitable cryptos of the year from the top 100. | | | Mantra OM | $3.59 ▴ 0.56% | | | | | | Popcat POPCAT | $0.80 ▴ 6.55% | | | | | | Turbo TURBO | $0.0095 ▴ 13.64% | | | | | | Pepe PEPE | $0.000019 ▴ 2.83% | | | | | | dogwifhat WIF | $1.91 ▴ 0.32% | | | | Wondering what are the best & worst performing crypto on a daily basis? Subscribe to our price alerts here. | | | Remarkable Events of 2024 | US Elections: Crypto's New Besties The November elections shook up more than politics—crypto got a big high five. With President-elect Donald Trump backing the market and VP Kamala Harris giving it a nudge, Bitcoin soared to $74K, then sprinted past $80K before topping out at $108K in December. | | Network Fee Spike: Expensive Moves Bitcoin's fourth halving in April came with a side of ouch. Transaction fees skyrocketed to a jaw-dropping $146 —yes, per transaction. For context, fees were chilling at $2–3 most of the year. Suddenly, swapping Bitcoin felt more like buying a concert ticket on resale. | | BlackRock and Grayscale: ETFs Dominate Bitcoin ETFs enjoyed superstar status, racking up a record $100 billion in assets . BlackRock led the pack with $54 billion, while Fidelity and Grayscale brought in $20 billion each. ETFs officially became the cool kids on the block, making Bitcoin more accessible than ever. | | ETH/BTC Ratio: Ethereum Fumbles ETH just couldn't keep up with Bitcoin this year. The ETH/BTC ratio dropped to a three-year low of 0.033 in November. Blame it on Solana's cheap transactions, meme token hype, and the SEC's laser focus on Ethereum staking. Ethereum might've stumbled, but its fight's not over. | | ETH ETFs: Late but Promising Ethereum ETFs finally launched in July, and while early interest was lukewarm, they caught fire after the November elections. By December, nine funds have managed $12.3 billion , with Grayscale ($6.5 billion) and BlackRock ($3.6 billion) leading the charge. Regulatory changes in 2025 could give ETH the comeback it needs. | | FTX Crash Recovery: Back on Track The ghost of FTX finally stopped haunting the crypto world this year. Bitcoin's market depth surged past its pre-crash level of $120 million , restoring liquidity lost after FTX and Alameda imploded in late 2022. It took two years, but the market bounced back stronger than ever. | | Memecoin Mania: Solana Takes the Stage Memecoins had their moment in 2024, thanks to Solana's Pump.fun protocol, which lets anyone mint tokens for pocket change. Still, the trading spotlight stayed on big-name assets. Solana's meme craze was fun while it lasted , but the serious money stayed with the classics. | | | | Laws and Legislation: Making Crypto Legit | With Trump in charge and waving the crypto flag, 2025 might finally bring some clarity to crypto laws, especially in the U.S. Clearer rules mean more institutional investors are diving in and TradFi is getting cozier with the blockchain. It's about time! | Stablecoins: Steady and Strong | Stablecoins are the MVPs of 2024, hitting a whopping $200 billion in total issuance . They're not just for crypto nerds anymore—they're becoming a serious tool for global settlements. Talk about going mainstream! | DeFi flexed hard in 2024, locking in $125 billion and catching the attention of big players like BlackRock and Fidelity. Tokenizing assets is now a thing, proving blockchain is for Wall Street too. | Institutional Investors: Big Fish Incoming | Spot ETFs for Bitcoin and Ethereum are bringing the big leagues to crypto. With pro-crypto politicians backing the scene, expect a flood of new institutional players turning 2025 into a growth party. | | | Have you enjoyed this letter? | | | | | © Changelly 2015—2024
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