In 2024 the first kriptovalyuta Bitcoin (BTC) has shown outstanding performance, but its movement has been uneven throughout the year.
A promising first quarter was followed by a long period of sideways trading with no clear direction. However, since mid-October, everything has changed: Bitcoin , like the rest of the cryptocurrency market, has entered a bullish trend, fueled by fears of an imminent recession and the election of Donald Trump, who is widely seen as a pro-crypto president.
After growing throughout November, early December Bitcoin reached a new all-time high, surpassing $100,000 for the first time. This event could serve to further legitimize the asset not only as a profitable investment, but also as a means of saving.
The total value of all bitcoins in circulation, valued at nearly $2 billion, has surpassed the market capitalization of the Russian ruble, which is valued at 10,759,545 BTC, according to FiatMarketCap.
In addition, the Swiss franc, the New Taiwan dollar and the Brazilian real were left behind Bitcoin.
FiatMarketCap data
In the long term, the BTC price will continue to grow, as indicated by technical analysis based on Fibonacci levels. It is possible that by the beginning of 2025 Bitcoin will trade at levels close to $140,000.
