7 Cryptocurrency trends every financer must know in 2024

cryptocurrency market

The cryptocurrency market is very uncertain and there have been major changes in the last year, with very unpredictable events. The bull market, however, has been stable for a little while over the last few months, giving investors and crypto enthusiasts hope for a record-setting future.Here are 7 cryptocurrency trends to know about!

1. Funding, Mergers, And Acquisitions In The Crypto Market

Funding, mergers and acquisitions have been on the rise, with more funding and investments. In the final quarter of 2023, investors put $1.9 billion into companies related to crypto.which led to the February quarter of 2024, when a total of $485 million of VC funding was invested in startups, representing a three-month high.

2. Bull Market Emerges After Approval Of ETFs

The value of bitcoin surged 150% in 2024, which could continue into 2025. One of the major factors that influences the bull market is the approval of spot ETFs. Due in part to these ETFs ability to give investors access to low-cost Bitcoin investments without requiring them to use cryptocurrency exchanges, demand for cryptocurrency has increased.

3. Increasing Regulation Of Cryptocurrency And Exchanges

Many crypto people say that the regulations of cryptocurrencies and exchanges arent clear. However, there are guidance to have diclosure agreements and unofficial regulatory bodies like the SEC in the US.

4. The Intersection Of AI And Crypto

In recent months, AI has been intertwined with cryptocurrency. With Ai tokens being cryptocurrencies. They have become directly related.There are nearly 90 AI tokens in the crypto space right now.

5. Crypto’s Growing Climate Impact

The crypto industrys consequences for energy and climate change are a lesser-known but possibly important development.Furthermore, researchers from the United Nations discovered that fossil fuels account for 67% of the energy utilized in cryptocurrency mining.

6. Real-World Assets Turn Digital With Blockchain Technology

Tokens represent all kinds of assets, like art, real estate, bonds, intellectual property,etc. Another concept that makes use of blockchain technology in cryptocurrency is asset tokenization. When an asset in the real world (RWA) gets tokenized, it indicates that it has a blockchain-based digital equivalent.

7. Central Bank Digital Currency (CBDC)

Banking systems across the world are in the process of developing their own digital currency, referred to as the Central Bank Digital Currency (CBDC). 132 countries are currently developing or testing digital currencies, amounting to almost 98% of the world’s GDP.