Crypto wrap 2024: Bitcoin, altcoins remain popular among

Since announcing its Bitcoin purchase plan in mid-2020, the company has been selling stock when prices rise and increasing debt to continue buying Bitcoin. It currently holds 444,000 Bitcoins. It is the fourth-largest holder of Bitcoin globally, following Satoshi Nakamoto, BlackRocks iShares Bitcoin Trust, and the cryptocurrency exchange Binance. BTC and ETH's realized volatility has increased, but short-term options haven't adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.

Meme coins captured the attention of most crypto traders and emerged as a popular narrative this year. A CoinGecko report updated on Monday notes that the meme coin narrative captured a combined 30.67% of global investor interest. Cryptocurrency also played a key role in stock price increases. The launch of a spot Bitcoin investment ETF in January boosted Bitcoin's credibility, leading to a rally in related stocks after Trump, who once called Bitcoin a 'scam', became more favorable towards it and was elected president.