CoinEx Research Team’s December 2024 report revealed a turning point in the cryptocurrency market. Bitcoin broke the $100,000 mark, driven primarily by the optimism following Donald Trump’s election as president. The report also explored the hawkish stance of the US Federal Reserve, the influx of stablecoins, and emerging trends such as AI Agents and Hyperliquid, setting an optimistic tone for 2025.
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Milestone Achievement of Bitcoin
Impact of Global Central Bank Policies
AI Agents: Revolutionary Innovation of Web3
Expansion of the Hyperliquid Ecosystem
Stablecoins: Pillar of Liquidity
Outlook for 2025
About CoinEx
Milestone Achievement of Bitcoin
In December 2024, Bitcoin surpassed the $100,000 mark for the first time, achieving a historic milestone. This surge was mainly driven by the anticipation of Trump’s policy support for cryptocurrencies after his election as the US president. On December 5th, the price of Bitcoin soared to a new all-time high of $108,000, and then retraced to $94,000. This consolidation aligns with market expectations for year-end adjustments and signals the possibility of further upward momentum after Trump’s official inauguration in January 2025. Analysts remain optimistic, predicting that Bitcoin prices will reach $150,000 to $200,000 in the first quarter of 2025, depending on global liquidity and institutional funding inflows.
Global Central Bank Policies’ Impact
The Federal Reserve adopted a hawkish policy, despite a 25-basis-point rate cut, but also indicated a reduction in rate cuts in 2025, intensifying market volatility and leading to significant adjustments in both traditional and cryptocurrency markets. Inflation concerns further increased uncertainty and sparked more questions and expectations regarding Trump’s upcoming economic policies.
Meanwhile, the Bank of Japan (BOJ) chose to proceed cautiously by keeping interest rates unchanged at 0.25% in the face of increased economic uncertainty. However, future potential rate hikes remain a key factor to closely monitor as they may disrupt market liquidity and the flow of arbitrage trading funds.
AI Agents: Revolutionary Innovation of Web3
The discussion around AI Agents gradually heated up in the fourth quarter of 2024 and further solidified its position in the market in December. These AI Agents have transitioned from conceptual hype to practical functional frameworks and have even launched consumer-facing applications. CoinEx Research Team detailed their technical architecture and investment potential in their report “AI Agents in the Crypto World: Revolutionary Evolution from Web2 to Web3.” This theme is expected to continue dominating the Web3 space in 2025, creating new growth opportunities for the market.
Expansion of the Hyperliquid Ecosystem
Hyperliquid has become the leader in the on-chain derivatives market, achieving exponential growth in the fourth quarter of 2024. Its token price surged from $6 to $27 and peaked above $35, achieving a 3.5x increase. During this period, the token price even exceeded $35, driving the Fully Diluted Valuation (FDV) to $35 billion, demonstrating its strong fundamentals and community support. This ecosystem has attracted high-profile projects like Solv Protocol, further enhancing the attractiveness of its Token Generation Event (TGE). Additionally, its sub-tokens like HFUN have performed equally impressively, rising by 360% in the fourth quarter.
Stablecoins: Pillar of Liquidity
Stablecoins maintained a strong liquidity structure, with an influx of nearly $13 billion in December. Despite Bitcoin’s volatility and the adjustment in the altcoin market, the entry of new investors has kept stablecoin growth robust. This healthy liquidity structure supports the current bull market and suggests the potential arrival of an altcoin season in 2025.
Outlook for 2025
The cryptocurrency market closed 2024 with a strong performance, laying the foundation for its potential in 2025. Investors should continue to monitor central bank policies, liquidity changes, and the development of emerging trends such as AI Agents and on-chain derivatives.
About CoinEx
Established in 2017, CoinEx is a global cryptocurrency exchange dedicated to making crypto trading easier. The platform offers a range of services, including spot trading, margin trading, futures, swaps, automated market-making (AMM), and financial management services, serving over 10 million users from more than 200 countries and regions.
The CoinEx research department is committed to providing in-depth analysis and insights to help investors navigate the complexities and opportunities in the evolving cryptocurrency market.
This article is provided by the official source and does not represent the position or investment advice of this website. Readers should conduct their own careful evaluation.