Here's a summary of the most significant news from the past week around Bitcoin, Ethereum, Binance, Solana, and Ripple.
Bitcoin shatters a record with 19 trillion dollars exchanged in 2024
After two years of decline, Bitcoin reached a new historical peak in 2024, with 19 trillion dollars in transactions processed in one year. This spectacular rebound can be attributed to several major factors.
The approval of Bitcoin ETFs in the United States brought in a wave of institutional capital, boosting interest in this asset. Another key factor was the halving in April 2024, which reduced BTC issuance, increasing scarcity and stimulating demand.
Moreover, the Lightning Network facilitated fast and inexpensive payments, solidifying Bitcoin's role in the global financial infrastructure. With a hashrate reaching 1,000 EH/s, the network also attracted attention for its capacity to handle colossal volumes. These evolutions further integrate Bitcoin into the pillars of traditional finance.
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