Top Events of the Crypto Market – December 2024

December 2024 will be remembered as a pivotal month in the crypto industry, marked by unique achievements, high-profile appointments, and critical events that set the tone for the future of the market. Bitcoin reached new heights, the DeFi sector continues to attract more investors, and political appointments in the US bode well for crypto regulation in 2025. Let’s dive into the key events that shaped December and share a positive outcome for crypto in 2024.

TRON (TRX) Hits All-Time High

December 5 was the day of records for TRON, as this asset went up 80% in a 24-hour period to a new ATH. The price action of TRON has broken the previous record from January 2018 at $0.35 and made this asset a hot discussion topic in the crypto market during this month. This rally indicates that more and more TRON ecosystems are being adopted, along with other growing use cases.

BNB Breaks Records

Binance Coin had further up dynamic, reaching a new high of ATH in price and volume traded on December 8. This rise is showing the rising interest by investors in Binance's ecosystem and also hints at the growing power in the crypto market that it exerts. That can be a sign that traders increasingly use BNB in all its major applications: in DeFi and while paying for utilities.

Trump’s World Liberty Financial Project Investment Activity

On December 12, data showed that the Trump family-linked project, World Liberty Financial Project, has made significant investments in cryptocurrency projects. Ethereum received $10 million, Aave and Chainlink each received $1 million in investments. The investment activity of the Trump family shows that the new US president is genuinely interested in cryptocurrencies and the development of this industry. This strategic move also signals growing institutional interest in DeFi and blockchain infrastructure, which further legitimizes these and other crypto projects.

TON Space Self-Custody Wallet Launches

The Open Platform launched the TON Space self-custody wallet on December 20. For the first time, there is a wallet with a dApp catalog, decentralized exchange integration, staking aggregation, and mechanisms for NFT and Jetton giveaways. The launch is strengthening the position of the TON ecosystem in the competitive blockchain space.

Bitcoin Sentiment Hits Year’s Most Negative Point

On December 23, Bitcoin's crowd sentiment dropped to its most negative reading for the year. While this is a representation of traders being afraid, uncertain, and full of doubt, contrarian investors actually view this as a good indicator, often taking extreme negativity as a prelude to market bounces. This might set the stage for upward momentum in the near future.

Aave and Lido Surpass $70 Billion in Net Deposits

Aave and Lido reached a combined milestone of over $70 billion in net deposits on December 24. The new record demonstrates greater trust and reliance on the platform for money market services or liquid staking. With this major development milestone, the web 3 project significantly strengthens the ecosystem’s leading position in the DeFi industry.

Binance’s Bitcoin Reserves Hit Record Low

On December 26, BTC reserves on Binance hit their lowest level since early 2024, matching Bitcoin's ATH of $108,000. A decline in BTC reserves on exchanges often signals investor confidence and bullish market sentiment, pointing to strong demand and potential for Bitcoin's price to continue rising to new highs as early as 2025.

What’s Next?

December 2024 was a remarkable month that saw significant achievements, record-breaking milestones, and promising developments in the crypto industry. There is every reason to believe that 2025 will see continued positive changes in crypto regulation and the growth of major digital assets’ capitalization, offering investors more and more unique opportunities. December 2024 has confirmed the positive momentum that lays a solid foundation for further growth and innovation in the crypto market. Stay tuned and remember that Exolix is here to provide fast, secure, and private crypto exchanges. Exolix is ready to provide a seamless experience of exchanging over 2,000 cryptocurrencies, coupled with good rates and a high level of privacy.