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Cryptocurrency is gaining mainstream acceptance with each passing day. The endorsement it received from President-elect Donald Trump during the 2024 election campaign has further cemented its legitimacy within the financial industry and among the public.

Options linked to BlackRock's spot bitcoin ETF (IBIT) began trading on Nov. 19 and have since grown to half the size of Deribit's BTC options market.

Bitcoin (CRYPTO: BTC) is the world's largest cryptocurrency. Its market capitalization of $1.8 trillion represents more than half the value of all cryptocurrencies in circulation, which currently stands at $3.4 trillion. Bitcoin soared by 120% during 2024, and a significant portion of that gain was generated after Donald Trump's U.S. election win on Nov. 5.

MicroStrategy has now surpassed 450,000 Bitcoin, worth around $40 billion, after purchasing an additional 2,530 BTC for $243 million between Jan. 6-12, 2025.

Bitcoin’s price surge in 2024 has some investors looking ahead to the potential impact of President-elect Donald Trump’s upcoming inauguration on the cryptocurrency market.

The U.S. Court of Appeals for the Third Circuit ruled on Jan. 13, 2025, in favor of Coinbase in its legal battle with the Securities and Exchange Commission (SEC).

Bitcoin's recent dip below $90,000 has raised concerns among investors.