Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
What fuelled the 2024 Bitcoin rally?

What fuelled the 2024 Bitcoin rally?

GrafaGrafa2024/12/19 05:50
By:David Martin

Bitcoin has roared back to life in 2024, leaving many stunned. This rally isn't just a flash in the pan – it's a confluence of forces propelling the cryptocurrency into the mainstream.

Wall Street's Embrace: The biggest game-changer? Institutional investors, from hedge funds to pension giants, are piling in. They see Bitcoin as a hedge against inflation and a potential safe haven in turbulent times. This influx of capital has injected serious buying power into the market.

DeFi's Explosive Growth: The rise of decentralised finance (DeFi) built on the Bitcoin blockchain has ignited a new wave of excitement. Investors are flocking to this burgeoning sector, unlocking new avenues for growth and innovation.

Regulation and Clarity: Gone are the days of regulatory uncertainty. Governments worldwide are grappling with crypto, leading to clearer frameworks and a more stable playing field. This newfound certainty has boosted investor confidence and encouraged greater participation.

Technology's Edge: Bitcoin's underlying technology continues to evolve. The Lightning Network, for example, enhances transaction speed and efficiency, making Bitcoin more user-friendly and accessible for everyday use. This ongoing innovation is fueling the rally and attracting a wider range of investors.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

ESUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/16 11:12

New spot margin trading pair — CROSS/USDT, TAC/USDT!

Bitget Announcement2025/07/16 08:07

Subscribe to TANSSI Savings and enjoy up to 15% APR

Bitget Announcement2025/07/15 11:00

TACUSDT now launched for futures trading and trading bots

Bitget Announcement2025/07/15 10:40