2024 marked a transformative year for Bitcoin, highlighted by the approval of Bitcoin exchange-traded funds (ETFs) after a decade of SEC rejections, spurred by BlackRock's application. This milestone opened up crypto investment to retail investors for the first time via traditional markets. Bitcoin reached an all-time high of approximately $73,000 in March, driven by unexpected influxes of capital, but faced volatility due to macroeconomic factors and geopolitical risks. Following a Federal Reserve interest rate cut in September and a favorable political landscape with Trump’s re-election, Bitcoin surged past $100,000 in November. Institutional interest grew, with companies like MicroStrategy leading the charge in Bitcoin acquisitions. Additionally, the anticipated Bitcoin halving event further fueled excitement despite some community discontent over new token standards introduced on the network. Overall, Bitcoin's advancements in 2024 set the stage for greater mainstream acceptance and adoption, marking a significant shift in its investment landscape.

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