Last year was a year of major changes in the crypto market. There were many events that took center stage, such as new laws and new trends. Everyone was watching, as Bitcoin’s price was moving up and down. So, what were the moments that left a mark? Read on to find out more about each impactful moment.
BTC ETFs Approval
The approval of Bitcoin ETFs changed the crypto market. Big financial firms like BlackRock and Fidelity led this change. These ETFs allowed people to invest in Bitcoin without owning it directly, which made crypto investing easier.
Bitcoin’s price jumped by 15% shortly after BlackRock’s ETF approval – this shows how much influence these financial products had on the market. Institutional investors doubled their activity compared to past years. Retail investors also enjoyed benefits, as ETFs provided more legitimacy and less risk to Bitcoin investments.
Growing Interest in Bitcoin Casino Gaming
The wider crypto acceptance also impacted many other industries. For instance, more online casinos began to accept BTC and other cryptocurrencies. This changed casino gaming, as cryptocurrencies offer many benefits, like faster transactions and increased privacy. Players found it easier to deposit and withdraw funds from Ignition Crypto Poker without going through banks or paying high fees. The number of crypto-friendly casinos grew rapidly.
Some Bitcoin casinos give special bonuses for using digital currency. These promotions can include free spins or real money, so it becomes more profitable to choose this type of casino over others. Some online crypto casinos may provide bonuses of up to 1 BTC, which is a big advantage for players who use Bitcoin.
Bitcoin Halving
Every four years happen Bitcoin Halving, because miners started to receive half of the rewards for mining a block on April 12. This event slashed the reward from 6.25 to 3.125 bitcoins per block. It made Bitcoin more scarce, which often leads to price increases. In the months before this halving, Bitcoin’s price climbed – this showed high expectations in the market for possible future gains.
This was the fourth halving in Bitcoin’s history. The total number of Bitcoins that can ever exist moves closer to the limit of 21 million. Just before this halving, Bitcoin traded at around $40,000. Historical trends show similar patterns where halvings often precede bull markets.
The Rise of Tap-to-earn Games
The last year has seen a real hit of tap-to-earn games. Players can earn crypto rewards by playing simple tasks and challenges in these games. It is an easy way to begin with digital currencies without any prior knowledge or investment.
This trend was noticed by game creators who created apps that used these ideas. These games fit many of them easily into daily life, with short playtimes and tangible rewards. This gave rise to a new way of thinking about gaming and finance – casual actions could yield real value.
Tap to earn became handy as more people have phones and internet access. It was easy to start with little expert knowledge required. It was this type of game that helped crypto get into the public eye, showing it in a practical way in an easy format.
Trump’s Election Victory and Its Impact on Crypto
Donald Trump’s win on November 5 made waves in the crypto scene. His promise to make the USA a top Bitcoin mining place sparked much interest. Investors saw hope in his crypto-friendly views, thinking they could boost both the industry and Bitcoin.
Bitcoin’s price jumped past $100,000 right after he won. Many believed that his plans would open new chances for growth and draw more people to the market. This led to talks about how other parts of the world might react and what this means for global crypto rules.
Now, all eyes are on Trump as he prepares to shape his policies. People in the crypto field wonder what his ideas will bring and how they will change things.
Bitcoin crosses $100k
Bitcoin price breaks $100,000 for the first time in history. Soon after Donald Trump’s election victory, this price surge occurred. Investor confidence was boosted by his support of crypto and his plans to mine Bitcoin in the U.S.
Many had been waiting for this price level for years and the market reacted with enthusiasm. More investors came to the market to take part in crypto’s growth. This period witnessed high trading volumes and increased attention to digital finance.
Final words
The crypto market experienced many key events that shaped its direction the previous year. The approval of Bitcoin ETFs by major financial firms prompted more people to invest in crypto. Bitcoin Halving added to this by making Bitcoin rarer. Trump’s election win also had a strong impact as he promised to support crypto growth – this pushed the price above $100,000.
