2023 was a busy year in the world of cryptocurrencies. Once it overcame the fraud and price drop at the beginning of the year, the crypto market resurged with everything at the beginning of 2024. Such has been its success this year that the market has reached a maximum peak of 2.7 trillion dollars in market capital, not far from its record high in 2021.
Furthermore, this year has brought many trends that drive and motivate investors. Added to these trends, we have news about the market that continues to offer a glimpse of what the rest of this year and the beginning of the next will be like. And the future looks bright for the crypto market.
Approval of the ETF and The Bull Market
The value of Bitcoin has increased by up to 150% in the last quarter, one of the most significant increases since its fall in 2022. In a survey, several market experts have said that Bitcoin could reach $77,000 by the end of 2024 and $123,000 by the end of the following year, which indicates impressive growth. This increase was possible thanks to the Bull Market, one of the potential main trends for 2025.
In addition, we have two other key points: The approval of spot ETFs and the upcoming halving event. Thanks to this, investors can make safe investments without losing money. ETFs made crypto much more attractive to retail investors by allowing them to make small investments without losing its appeal to wealth management advisors running 401ks or IRAs.
The halving factor also increases interest in the crypto market right now. According to news from experts, the reduction will increase the demand for crypto assets, generating a growth of 120% in different areas of the market.
Betting with Cryptocurrencies as an Investment
The field of online gambling has been one of the most benefited by the crypto market. Classic casinos took a backseat when Blockchain technology reached the world. The vast benefits of a bitcoin casino, such as an unlimited variety of games, fast transactions, and security to play, led the cryptocurrency betting market to be one of the fastest growing in recent months and one of the most important in 2024.
Figures show that the Bitcoin casino market closed in 2023 with a growth of 70%, and by March 2024, it presented more than 200% growth.
Online betting allows investors to gain considerable capital for the future. Betting in online cryptocurrency casinos is becoming more and more profitable as it is low risk and high profit. And if you are a player and know your numbers, you can become strong in the market following these trends.
Financing, Mergers and Acquisitions in the Crypto Market
Perhaps 2022 was a very tough year for cryptocurrency investments when the price drop caused many to leave the market for fear of losing all their money. But a light of hope emerged in 2023, the cryptocurrency returned to the rise, and many investors regained confidence in the crypto asset market. In the last quarter of 2023 alone, investors invested more than $1.9 billion in companies within this market.
This considerable growth of investors in the market achieved rapid progress by February 2024, when a total of $485M of VC funds went into investment funds such as startups. That represented a spectacular gain for investors in the first three months. Experts believe next year’s funding will focus more on real-world applications of Blockchain and the infrastructure needed to carry out projects with these applications.
Intersection of AI in the Market
It’s no secret that AI is commonplace today, and the world of cryptocurrencies has stayed updated in recent months. Investments like IA Tokens are cryptocurrencies directly related to an IA company. Users will be able to use these Tokens to pay for services or access data on the platform, and in turn, the platform will be able to use these tokens as rewards to pay users.
These tokens can also provide new positions within the market to high-net-worth entities. The combined market for IA tokens was just $2.7 billion in April last year. Now, its value has exceeded $26 billion. Between mid-February and the end of March 2024, the value of the IA Token increased by 329%, one of the highest recent peaks.
Increased Cryptocurrency Regulations
The cryptographic crisis of 2022 put market regulation on the ropes. There was no regulation whatsoever back then, aggravating the situation even further. For this reason, agencies such as the SEC have decided to create a regulatory network that operates within the cryptographic market to avoid another crisis and monopolies in different market sectors.
For now, this would be the only legal regulation designed to regulate cryptocurrency laws, which has caused several investors to need clarification about the regulatory measures. However, many experts claim these measures will help the market as they allow for safer and more stable trading.