The crypto market is going through a turbulent period, and altcoins seem far from reaching their December highs. According to analyst Matthew Hyland, it will likely take until April, or even longer, to see a full recovery.
While Google drowns AI in a rain of dollars, a small Chinese genius tinkers in his garage and shakes Silicon Valley. Butterfly effect or storm to come?
Solana signs a spectacular performance in the fourth quarter of 2024 with a 213% increase in revenue generated by its applications, amounting to $840 million compared to $268 million in the previous quarter. This rapid surge is based on the explosion of memecoin trading, as well as the rise of tokens related to artificial intelligence. Once criticized for its repeated outages, the blockchain now establishes itself as a key player in the sector, attracting traders, developers, and investors. This swift transformation, indicated by Messari, illustrates Solana's evolution towards a more structured ecosystem, fueled by growing adoption and a massive influx of liquidity.
Traditional finance and bitcoin are continuing to draw closer. Following the resounding success of its Bitcoin ETF IBIT in the United States, BlackRock, the world's largest asset manager, is preparing to take a new step: the launch of a Bitcoin Exchange Traded Product (ETP) in Europe. This fund, which will be domiciled in Switzerland, reflects the growing desire of financial institutions to establish a lasting presence in the crypto market. While the United States has seen Bitcoin ETFs capture more than $57 billion in assets in just a few months, this new product could change the European landscape. Why Switzerland rather than another country? What will be the effects on investors and the institutional adoption of bitcoin in Europe? These are all questions that arise as BlackRock accelerates its international offensive.
The American company MicroStrategy, known for its massive commitment to BTC, announced a major rebranding. From now on, it will simply be called "Strategy" and will adopt the orange color and the bitcoin logo, marking a new step in its evolution. This rebranding is accompanied by a massive investment in bitcoin, with a purchase of 20.5 billion dollars in BTC during the fourth quarter of 2024.
The crypto landscape is undergoing a silent earthquake. As altcoins attempted to rise into the spotlight, a giant regained control: Bitcoin. By the end of 2024, the "altcoin season" had faded, yielding to an overwhelming dominance of BTC. According to Rekt Capital, a respected analyst, Bitcoin could reach a 71% market share before any altcoin revival. A scenario that resonates as a warning for overly optimistic investors. But how did we get here? And what does this dynamic reveal about the evolution of the market?
Crypto donations surpassed one billion dollars in 2024, reaching a historic record driven by rising markets and a more favorable regulatory framework.
A new survey by JPMorgan reveals that the majority of institutional investors remain hesitant about cryptocurrencies, despite the improving regulatory framework in the United States. Only 29% of participants are active or plan to engage in this market.
Sino-American relations continue to deteriorate, pushing China to strengthen its ties with the European Union. Lin Jian, spokesperson for the Chinese Ministry of Foreign Affairs, stated that Beijing sees Europe as a "global strategic partner and an important and independent pillar in a multipolar world."
Ethereum continues to face downward pressure, pushing its price lower. Let's analyze the future prospects of ETH.