Bitcoin’s valuation more than doubled in 2024, with much of that rally taking place during the second half of the year. The world’s most prized digital token experienced an early year upswing after the US Securities and Exchange Commission SEC approved spot Bitcoin ETFs in January 2024.
An upward price trend extended those gains following the US presidential election, as investors bet that the new US administration will appoint an industry friendly regulator for digital assets at the SEC.
On January 20, the day of Trump’s inauguration, SEC’s chairman crypto critic Gary Gensler officially resigned, with Paul Atkins, co-chair of the Token Alliance, a...
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