In accordance with The Coin Republic, 2024 was a pivotal year for the cryptocurrency market, marked by significant legal and economic events. Ripple's ongoing legal battle with the SEC saw major developments, including a July ruling that XRP sales on public exchanges did not violate securities laws, though Ripple was fined $125 million for institutional sales. The SEC plans to appeal, with transcripts due in January 2025. The US Federal Reserve's rate cuts, including a 50 bps reduction in September, positively impacted the crypto market. Bitcoin's April halving reduced block rewards, leading to a temporary spike in transaction fees. The year also saw Bitcoin reach an all-time high, surpassing $100,000, driven by renewed investor confidence following Donald Trump's re-election. MicroStrategy's debut on the Nasdaq-100 further highlighted the integration of digital assets into traditional markets. These events collectively shaped the crypto landscape in 2024.
Ripple's Legal Wins and Bitcoin's Surge Highlight 2024 Crypto News
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