The year 2024 began with great levels for all the cryptocurrencies including bitcoin and ethereum and also enthusiasts. The largest cryptocurrency in the world, BTC has lost approximately 65% of it's market value in the entire last year. Crypto enthusiasts were caught off guard by a series of unpredictable events such as the Teera Lunch Crash , FTX fall, macroeconomic condition and binance guilty plea.
Last year was strong for the cryptocurrencies as the crypto world showed agains of recovery. Bitcoin even rose an average of 0.39 in the month of july around $31,000 in 2023. The crypto showed immense recovery at the end of the year , with BTC rising at good levels. At the beginning in 2023. The crypto was at $45,203. market capitalisation at $886.64 billion and market volume at $31.76 billion. Bitcoin rises high as expected. As of feb 13,2024, BTC hit the level of $50,107 for the first time since December.2021 with a market capitalization of $982.72 billion and a market capitalization of $1.8787 trillion.