The cryptocurrency market has witnessed the legendary journey of Bitcoin as a digital asset. Since its inception in 2009, this largest digital currency has experienced multiple spectacular bull cycles and correction periods. The 2024-25 crypto bull run is redefining Bitcoin's investment narrative—from retail frenzy to a new phase led by institutions.
Current Bitcoin: Institutional Entry Changes the Game
By the end of 2024, Bitcoin's price has surged to $88,560, setting a new all-time high. The uniqueness of this bull market lies in its diversified catalysts: January's SEC approval of a spot Bitcoin ETF, April's fourth halving event, and potential favorable policy expectations.
Key data since 2024:
- Price has risen from around $40,000 at the beginning of the year to $88,560 (12% increase)