Bitcoin Ends 2024 at $92,000 After Historic Year of Growth

Despite reaching an all-time high of $108,000 in December, profit-taking and macroeconomic factors have cooled Bitcoin's rally as 2024 concludes.

Bitcoin surged past $100,000 for the first time in 2024, fueled by regulatory advancements, institutional adoption, and the election of pro-crypto President-elect Donald Trump.
The cryptocurrency hit an all-time high of $108,000 in mid-December but has since fallen to $92,000 due to profit-taking, tax strategies, and Federal Reserve rate policy uncertainties.
The launch of U.S. spot Bitcoin ETFs in January 2024 contributed significantly to institutional interest, with assets under management surpassing $100 billion by year-end.
Analysts predict Bitcoin could reach between $150,000 and $200,000 in 2025, driven by potential regulatory clarity, institutional investments, and a possible U.S. Bitcoin reserve under the Trump administration.
Ethereum and other cryptocurrencies also saw gains in 2024, though market-wide corrections in December reflect broader economic pressures and investor profit-taking.