Cryptocurrencies: Year-End Summary

🌀The cryptocurrency market concludes 2024 without significant price milestones. Bitcoin (BTC) dropped 1.69% over the week, trading below $100,000. Analysts note BTC’s resilience against deep corrections, supported by institutional interest and ETFs, despite most short-term traders reporting losses.

🌀Ethereum (ETH) declined by 2.65%, failing to hold above $3,500. Large investors continue withdrawing ETH from exchanges, anticipating future growth.

🌀Toncoin rose by 6.1%, garnering attention due to Telegram mini-app integrations, although open interest in Toncoin derivatives has decreased.

🌀Bearish sentiment dominates, but investor optimism persists as the new year approaches, fueled by hopes of renewed market momentum.