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Amid revolutionary announcements, technological evolutions, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battleground for regulatory and economic issues. 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
In 2024, Bitcoin reached a new historical peak with 19 trillion dollars 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 has allowed for an influx of institutional capital, strengthening interest in this asset. The halving in April 2024, by reducing BTC issuance, also contributed to intensifying scarcity and fueling demand.
Additionally, the Lightning Network facilitated fast and inexpensive payments, consolidating Bitcoin’s role as a global financial infrastructure. With a hashrate reaching 1,000 EH/s, the network has also bolstered its security, while attracting investors’ attention to its capacity to process colossal volumes. These evolutions demonstrate Bitcoin’s growing positioning as a pillar of traditional finance. 🔗 Read the full article here
Ethereum gains ground with an explosion of HODLers in 2024
In 2024, Ethereum saw its number of HODLers reach 75%, up from 59% at the beginning of the year, indicating a significant resurgence of confidence among investors. This trend, which contrasts with the decline of Bitcoin HODLers (from 70% to 62% during the same period), is explained by strategic advances such as Ethereum 2.0 and the introduction of staking. These innovations not only strengthened the security and efficiency of the network but also offered attractive passive returns, encouraging users to hold onto their ETH.
On the other hand, Bitcoin suffered from increased volatility, prompting some investors to sell to maximize their short-term profits. With a growing adoption of decentralized applications, Ethereum is positioning itself as a technological leader in the long term, to the detriment of its main rival. 🔗 Read the full article here
XRP on the offensive: the gap with Ethereum is shrinking drastically!
XRP, the cryptocurrency from Ripple, is experiencing explosive growth in 2024, narrowing the gap with Ethereum in market capitalization. Fueled by the legal victory against the SEC and the introduction of the stablecoin RLUSD, XRP saw its price rise to 2.37 dollars, with a nearly 500% growth in just a few months. Analysts estimate that if XRP reaches 4.36 dollars, its market cap could surpass that of Ethereum, currently valued at 436.3 billion dollars.
Ripple is benefiting from a renewed confidence among investors, driven by regulatory advancements and speculations about a potential XRP ETF. Medium-term projections indicate a price range between 6.4 and 27.5 dollars, depending on market dynamics and increased adoption of Ripple solutions in cross-border payments. This movement, combined with a more favorable regulatory environment in the United States, could transform XRP into a serious rival for Ethereum in the altcoin market. 🔗 Read the full article here
Bitcoin reaches security highs with unprecedented hashrate in 2024
The Bitcoin network crossed an unprecedented milestone in 2024, with a hashrate reaching 1,000 EH/s, doubling in just one year. This spectacular increase reflects the massive investments of miners in cutting-edge infrastructure, despite challenges related to rising energy costs and increasing competition. This record computational power, occurring after the halving in April 2024, enhances the network’s security and increases its appeal to institutional investors.
However, this gradual centralization of hashrate among certain major players raises questions about the balance of decentralization. Meanwhile, the rise of Bitcoin ETFs and the growing adoption of payment solutions like the Lightning Network position Bitcoin as a key player in global finance. 🔗 Read the full article here
Solana: 84% chances for a revolutionary ETF in 2025!
The financial giant VanEck estimates an 84% chance of approval for a Solana ETF in the United States by the end of 2025. This optimistic projection is based on a favorable market dynamic, marked by increasing adoption of cryptocurrencies and a rapidly evolving American regulatory landscape. Solana, known for its speed and low transaction costs, is attracting more and more attention, especially 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 broaden access to the Solana network for an institutional audience. The crypto community remains attentive to the regulatory challenges that could hinder the progress of this ETF, particularly the legal classification of Solana as a financial asset. 🔗 Read the full article here
That’s the key takeaway for this week. But if you would like a more detailed recap and in-depth analyses directly in your inbox, feel free to subscribe to our weekly newsletter.
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Diplômé de Sciences Po Toulouse et titulaire d’une certification consultant blockchain délivrée par Alyra, j’ai rejoint l’aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l’économie, j’ai pris l’engagement de sensibiliser et d’informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu’elle offre. Je m’efforce chaque jour de fournir une analyse objective de l’actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
