At the beginning of the year, spot ETF funds continued to pour in, and BTC steadily stayed above the $90K mark with widespread optimism. By April, the halving event took place, further tightening supply and laying the foundation for subsequent market movements.
In the second half of the year, Bitcoin began to accelerate upward. In July, BTC broke through the $100K milestone, setting a new record at the time. The momentum continued to heat up, and by October, Bitcoin achieved another milestone, reaching a new high of $126K.
However, a correction also followed at the end of the year. In December, BTC experienced a pullback, falling back to around $88K. Overall, for the year, Bitcoin declined by about 6% from start to finish. This year featured both historic highs and normal technical corrections, fully demonstrating the volatility characteristic of the digital asset market.
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LuckyHashValue
· 10h ago
The end-of-year correction is really hard to hold, feeling like a direct cut from 126K to 88K.
Only down 6% for the whole year? It feels like it rose so much, but in the end, it's still this result. It's a bit frustrating.
The combination of halving + ETF is indeed powerful, but I don't know how 2025 will play out.
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TokenEconomist
· 10h ago
actually, let me break this down—the -6% ytd return is kinda misleading if you ignore the volatility surface underneath. think of it this way: the real story isn't the endpoint, it's the path dependency, ceteris paribus the etf inflows acted as a structural bid that fundamentally altered the supply-demand mechanics post-halving.
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DeFiCaffeinator
· 10h ago
The 126K peak was truly incredible, feels like I'm still dreaming.
The end-of-year correction is a bit painful, but it's also normal.
The entry of ETFs has definitely changed the landscape; institutional funds are just different.
The combination of halving + spot ETFs, no wonder it can surge so high.
From 90K at the beginning of the year to 126K, doubling feels really satisfying.
A 6% drop sounds terrible, but in the long run, it's actually nothing.
Whether it can break new highs next year is the real key.
2024 is a momentous year for Bitcoin.
At the beginning of the year, spot ETF funds continued to pour in, and BTC steadily stayed above the $90K mark with widespread optimism. By April, the halving event took place, further tightening supply and laying the foundation for subsequent market movements.
In the second half of the year, Bitcoin began to accelerate upward. In July, BTC broke through the $100K milestone, setting a new record at the time. The momentum continued to heat up, and by October, Bitcoin achieved another milestone, reaching a new high of $126K.
However, a correction also followed at the end of the year. In December, BTC experienced a pullback, falling back to around $88K. Overall, for the year, Bitcoin declined by about 6% from start to finish. This year featured both historic highs and normal technical corrections, fully demonstrating the volatility characteristic of the digital asset market.