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The year 2024 proved to be a pivotal one for Bitcoin, marking a significant turning point in both price and global adoption. On one hand, the Bitcoin halving—one of the most anticipated events in the cryptocurrency calendar—served as a catalyst for major market movements.

On the other hand, macroeconomic shifts, regulatory decisions, and rising interest from financial institutions transformed Bitcoin from an alternative asset to a global store of value.

But how did Bitcoin’s price perform throughout the year? Which events had the greatest impact? This article takes a historical look at 2024, analyzing dominant trends, key dates, and future prospects.

2024 began on an optimistic note: the global economic turbulence of 2023, including inflation and rising interest rates, seemed to finally be subsiding. Investor interest in Bitcoin re-emerged strongly, thanks to its established role as a safe-haven asset and hedge against inflation.

The price of Bitcoin opened the year around $40,000, with signs of accumulation from institutional investors.

The year 2024 saw a slight easing of monetary policy by the Federal Reserve and a decline in inflation in the United States. These factors renewed interest in riskier assets, including Bitcoin.

Additionally, growing instability in the banking sector and uncertainty about the future of the global economy led many to view Bitcoin as an alternative to traditional currency systems.

Bitcoin’s position in the market was solidified: it was no longer just a cryptocurrency but a decorrelated asset compared to traditional equities and sectors.

This made Bitcoin particularly attractive to those seeking protection in times of economic uncertainty.

Several major events shaped Bitcoin’s price trajectory over the course of the year:

The year 2024 represented a turning point for Bitcoin, cementing its path toward widespread global adoption. Thanks to key events like the halving and technological advancements, Bitcoin laid the groundwork to solidify its role as a global store of value.

Looking ahead, Bitcoin seems poised not just to reach new all-time highs but also to redefine the boundaries of global finance.