In 2024, Bitcoin experienced a historic surge that saw its price cross $100,000 for the first time, reaching a yearly peak of approximately $106,000 to $108,000 in mid-December. This massive bull run was primarily driven by the U.S. approval and launch of spot Bitcoin exchange-traded funds (ETFs) early in the year, growing institutional adoption, and post-election political tailwinds. According to financial tracking data from Bitbo and StatMuse, Bitcoin gained over 120% in 2024 after starting the year near $44,000.

• bitbo.io
• sofi.com
• wikipedia.org
• kraken.com