"The cryptocurrency market has experienced remarkable expansion in recent years, transforming from a niche technology experiment into a mainstream financial ecosystem worth trillions of dollars. This growth reflects not only increasing investor interest but also fundamental shifts in how people worldwide view and interact with digital assets. The cryptocurrency industry achieved a significant milestone in November 2024 when total market capitalization reached a record high of 3.2 trillion dollars."
"Bitcoin reached a record high of 108,135 dollars on December 17, contributing significantly to the overall market expansion. This surge was driven by multiple factors including institutional adoption, technological advancements in blockchain systems, and the expansion of decentralized finance platforms. The market's momentum gained particular strength following regulatory developments such as the approval of U.S. spot exchange-traded funds and macroeconomic policy changes."
"The user base for cryptocurrency continues to expand at an impressive rate. Approximately 562 million people own cryptocurrency globally, accounting for 6.8 percent of the world's population. In the United States alone, over 52 percent of American adults have purchased a cryptocurrency, demonstrating how digital assets have moved beyond early adopters into mainstream acceptance. Cryptocurrency awareness and ownership in America increased significantly, with 40 percent of American adults now holding digital assets, up from 30 percent in 2023, representing approximately 93 million people."
The cryptocurrency market expanded from a niche technology into a mainstream financial ecosystem valued in the trillions. Total market capitalization reached a record $3.2 trillion in November 2024 and consolidated around $3.40 trillion by year-end after a 97.7% increase during 2024. Bitcoin hit an all-time high of $108,135 on December 17. Growth drivers included institutional adoption, blockchain technological advances, expansion of decentralized finance, U.S. spot ETF approvals, and macroeconomic policy shifts. Global ownership rose to about 562 million people, representing 6.8% of the world. U.S. adoption rose: over 52% of American adults have purchased cryptocurrency; 40% now hold digital assets, up from 30% in 2023 (≈93 million people).
Read at London Business News | Londonlovesbusiness.com
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