Between revolutionary announcements, technological developments and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovation and a field of regulatory and economic battles. Here is a summary of the most notable news from the past week around Bitcoin, Ethereum, Binance and Solana, and Ripple.
Bitcoin shatters record with $19 trillion traded in 2024
In 2024, Bitcoin reached a new all-time high with $19 trillion in transactions processed in one year, an impressive figure after two years of decline. This spectacular rebound is the result of several major factors. The approval of Bitcoin ETFs in the United States allowed an influx of institutional capital, increasing interest in the asset. The April 2024 halving, by reducing the issuance of BTC, also contributed to intensifying scarcity and fueling demand.
Furthermore, the Lightning Network has facilitated fast and inexpensive payments, cementing Bitcoin's role as a global financial infrastructure. With a hashrate reaching 1,000 EH/s, the network has also strengthened its security, while drawing the attention of investors to its ability to process colossal volumes. These developments demonstrate the growing positioning of Bitcoin as a pillar of traditional finance. đź”— Read the full article here
Ethereum takes advantage with an explosion of HODLers in 2024
In 2024, Ethereum saw its number of HODLers reach 75%, compared to 59% at the start of the year, a sign of a significant increase in confidence among investors. This trend, which contrasts with the decline in Bitcoin HODLers (70% to 62% over the same period), is explained by strategic advances such as Ethereum 2.0 and the introduction of staking. These innovations not only increased the security and efficiency of the network, but also offered attractive passive yields, which encouraged users to hold on to their ETH.
For its part, Bitcoin has suffered from increased volatility, which has prompted some investors to sell to maximize short-term profits. With increasing adoption of decentralized applications, Ethereum is positioning itself as a long-term technology leader, to the detriment of its main rival. đź”— Read the full article here
XRP on the offensive: the gap with Ethereum is reduced drastically!
XRP, Ripple's crypto, is experiencing meteoric growth in 2024, narrowing the gap with Ethereum in market capitalization. Buoyed by the legal victory against the SEC and the introduction of the stablecoin RLUSD, XRP saw its price rise to $2.37, with growth of almost 500% in a few months. Analysts estimate that if XRP reaches $4.36, its capitalization could surpass that of Ethereum, currently valued at $436.3 billion.
Ripple is benefiting from renewed investor confidence, fueled by regulatory advancements and speculation over a potential XRP ETF. Medium-term projections indicate a price range between $6.4 and $27.5, depending on market dynamics and increased adoption of Ripple solutions in cross-border payments. This move, combined with a more favorable regulatory environment in the United States, could turn XRP into a serious rival to Ethereum in the altcoin market. đź”— Read the full article here
Bitcoin reaches security heights with unprecedented hashrate in 2024
The Bitcoin network reached an unprecedented milestone in 2024, with a hashrate reaching 1,000 EH/s, doubling in just one year. This dramatic rise reflects miners' massive investments in cutting-edge infrastructure, despite the challenges of rising energy costs and increasing competition. This record computing power, occurring after the halving of April 2024, strengthens the security of the network and accentuates its attractiveness for institutional investors.
However, this progressive centralization of hashrate between certain major players raises questions about the balance of decentralization. At the same time, the rise of Bitcoin ETFs and the growing adoption of payment solutions such as the Lightning Network place Bitcoin as a key player in global finance. đź”— Read the full article here
Solana: 84% chance for a revolutionary ETF in 2025!
Financial giant VanEck puts the chances of approval of a Solana ETF in the United States at 84% by the end of 2025. This optimistic projection is based on favorable market dynamics, marked by increasing adoption of cryptocurrencies and a evolving American regulations. Solana, known for its speed and low transaction costs, is attracting more and more attention, particularly with the emergence of high-performance decentralized applications and its adoption by institutional players.
If this ETF were to be approved, it could open the doors to massive new capital and expand access to the Solana network for an institutional audience. The crypto community therefore remains attentive to the regulatory challenges that could slow down the progress of this ETF, in particular the legal classification of Solana as a financial asset. đź”— Read the full article here
This is the main thing to remember for this week. But if you want a more detailed recap and in-depth analysis straight to your inbox, feel free to subscribe to our weekly newsletter.
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