Market Update: December 2024 | Week 5

30 DEC 2024 | RESEARCH

Welcome to Wintermute OTC Market Update. This weekly commentary aims to provide color on the recent crypto market developments.

Highlights

• Over the holiday season last week, bitcoin saw large price swings, peaking at $99,887 on Thursday before closing down -1.6%.


• 2024 was a milestone year for Bitcoin both off-chain and onchain, with the world’s largest cryptocurrency getting an ETF approved as well as successfully executing its fourth halving event.


• Decentralized finance protocols also had a flourishing year with most onchain metrics reaching all-time highs in the face of continued innovative developments.

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