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Major Events of the Crypto World in 2024: What Has Changed?

The year of 2024 became a real accelerator of change for the crypto world. It was as if every piece of the puzzle — from Bitcoin halving to the revival of NFTs and political events — came together to create a powerful momentum for the industry. It was the year when technology and economics merged, and market leaders like Holiverse proved that blockchain is not just a trend, but a driving force for future change.

Bitcoin halving: the start of a new race

In April 2024, the world witnessed a new Bitcoin halving, an event that happens every four years like clockwork. The block reward decreased from 6.25 to 3.125 BTC. For the market, this is not just a technical moment: the halving once again emphasized the limited supply of Bitcoin and its status as “digital gold”.

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Bitcoin Rainbow Chart 2025. Source: Blockchaincenter

Immediately after this event, interest in Bitcoin increased, especially among institutional investors. Amid talk of reaching $100,000 per coin, the market began to actively move up. At the same time, the fact of the halving itself reminded us of the main advantages of Bitcoin — decentralization, transparency and stability. An additional driver was the launch of spot ETFs in the United States, which opened the doors for major players on Wall Street.

But it is not only the price increase that is important. The halving confirmed that Bitcoin is more than just an investment. This is a technology that remains relevant and reliable in a changing world.

Ethereum: Dencun update and a new wave of innovation

While Bitcoin strengthened its position as a store of value in 2024, Ethereum focused on becoming the perfect platform for developers. In spring, the network received a major Dencun update, which combined two significant improvements — Deneb and Cancun. These changes made the network faster, cheaper and more accessible to everyone.

Lower fees through proto-danksharding attracted more users, and improved data processing speed became a decisive factor for developers of complex applications such as DeFi and NFT platforms. Ethereum showed that it is not just “digital fuel”, but a real ecosystem capable of supporting global innovation.

Politics and cryptocurrencies: a turning point in the elections

An unexpected trigger for the crypto market was the US presidential election. Donald Trump, who returned to the political race, took an unexpectedly proactive stance towards cryptocurrencies. His team advocated for transparent regulation, support for mining, and acceleration of the development of a digital dollar.

These steps created favorable conditions for the market. The price of Bitcoin began to rise even before the inauguration, and institutional and retail investors got active. Cryptocurrencies began to be perceived not as a threat, but as a tool for economic growth.

NFT: a second wind

After the slump of 2023, the world of NFTs started anew. In 2024, tokens were used in unexpected places: from gaming to charity. NFT games began to attract millions of players, offering the opportunity to own unique in-game items that can be sold or used in other projects.

Major brands such as Nike and Gucci released digital clothing collections for metaverses, and musicians and directors began monetizing their work through NFTs, setting the new standards for interaction with fans.

Holiverse: taking it to the next level

In the fall of 2024 Meta Force underwent rebranding and became Holiverse, announcing the creation of a “holistic metaverse”. Lado Okhotnikov, the company’s founder, presented an updated ecosystem that includes a DeFi platform, an NFT marketplace, and even biotech solutions in the field of personalized medicine.

The launch of the metaverse, where users can create, learn, and interact in a 3D space, became a symbol of transformation. Holiverse showed how blockchain can integrate into everyday life, combining finance, technology, and science.

DeFi: new horizons

Decentralized finance has not only remained relevant, but also made a big step forward. In 2024, the popularity of stablecoins increased thanks to the testing of the digital dollar and euro, and new yield models attracted even more investors.

The integration of DeFi with traditional finance has made blockchain a part of the global economy. Banks and corporations have begun to actively use technology to reduce costs and increase transparency. User-friendly interfaces and educational initiatives have simplified the entry for new users, which has further expanded the audience.

What’s next?

The year of 2024 has proven that the crypto world is not a passing trend, but the inevitable future of finance and technology. Bitcoin continues to play a key role, setting a trend for the entire market. And the impact goes beyond the crypto ecosystem, touching politics, economics and culture. In 2025, we can expect even more: mass integration of blockchain into global supply chains, synergies with artificial intelligence and new innovations that will make cryptocurrencies a part of everyday life.

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About Author
Abhinandan Jain
Abhinandan Jain
Abhinandan, an e-commerce student by day and a tech enthusiast by night, became a part of Alltech through our Student Skill Development Initiative. With a deep fascination for emerging markets like AI and robotics, he is a passionate advocate for the transformative potential of technology to make a positive global impact. Committed to utilizing his skills to further this cause.