Bitcoin’s fourth halving may have marked the start of a bull cycle, but not in the way that many expected, according to CoinGecko. In its 2024 Annual Crypto Industry Report, Coingecko said the “market's momentum was significantly driven by macroeconomic policy changes in Bitcoin's 15th year, including the approval of U.S. spot ETFs, central bank interest rate cuts, and Donald Trump’s re-election.” Crypto’s total market capitalization fell just a hair short of doubling in 2024, ending the year at $3.91 trillion, with Bitcoin accounting for 53.6% of the market. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
