2024 Bitcoin and Ethereum Analysis

In the first half of 2024, cryptocurrencies have experienced significant events that have influenced their prices and future prospects. This analysis will focus on the two most relevant cryptocurrencies: Bitcoin and Ethereum. We will analyze key events, price performance, and the challenges both cryptocurrencies face.


The most recognized and widely used cryptocurrency globally, has had a year full of crucial events, the most notable being the April 2024 halving. This event, which halves the reward for mining new blocks, usually has a considerable impact on the price of Bitcoin, as it reduces the rate of creation of new bitcoins and, therefore, the supply.

Post-halving analysis:

After the halving on April 19, Bitcoin experienced a price increase, briefly surpassing $66,859. It reached a peak close to $71,000 on June 5, 2024. Despite the initial rise, Bitcoin failed to maintain these levels and has fallen to approximately $65,585, representing a 7.62% drop in recent weeks.

Possible reasons for the decline

There are several causes that could explain the recent drop. These include the overall bearish market sentiment, miners’ selling pressure, and regulatory uncertainty that still casts a shadow over the crypto landscape.

General market sentiment: The cryptocurrency market as a whole has shown a bearish trend, negatively affecting the price of Bitcoin.

Selling pressure from miners: Some miners may be selling their newly mined bitcoins to cover operational costs.

Regulatory uncertainty: The lack of clarity in cryptocurrency regulation continues to create uncertainty among investors.

Long-term perspective

In the long term, the reduction in the supply of new bitcoins as a result of the halving is expected to create greater scarcity, which could lead to a price increase. Additionally, the continued adoption of Bitcoin by companies and institutions could continue to drive its value.

2024 Bitcoin and Ethereum Analysis

Ethereum analysis

Ethereum, the second-largest cryptocurrency by market capitalization, has had a remarkable performance in 2024. Its growth has been based not only on price increases but also on significant technical developments that promise to improve its functionality and scalability.

Performance and important events

Since January 1, the price of Ethereum has increased by 45.67%, rising from $2,362 to $3,440 as of June 18. Although the daily trading volume of ETH has been volatile, with a current average of $15 billion, the general trend has been downward compared to the highs at the beginning of the year.

Technical developments

The Ethereum network has seen the implementation of several important updates in 2024, such as:

  • Shanghai Hard Fork
  • ArrowGlacier
  • EIP-4844
  • Consensus Layer 2

These updates are designed to improve the network’s efficiency and capacity, laying the groundwork for future improvements.

Common challenges

Despite the impressive growth, cryptocurrencies still face considerable challenges. High volatility, uncertain regulatory environment, and scalability issues remain significant obstacles.

Volatility: The high price volatility remains a defining characteristic of the cryptocurrency market, making them a risky investment.

Regulation: The lack of clear and consistent regulation remains a major obstacle to the widespread adoption of cryptocurrencies.

Scalability: Both Bitcoin and Ethereum face scalability challenges, limiting their ability to process a large number of transactions quickly and efficiently.

Acceptance: Despite growing interest, the acceptance of cryptocurrencies by businesses and consumers remains limited compared to traditional financial systems.

Comparison and future outlook: Bitcoin vs. Ethereum

As the two most important cryptocurrencies, Bitcoin and Ethereum occupy a central place in the cryptocurrency landscape. Both have experienced a series of significant developments in the first half of 2024. Although each has its own path and merits, a comparison of their recent performance, developments, and adoption can offer some interesting insights.

Recent performance

The first half of 2024 has brought mixed fortunes for Bitcoin and Ethereum. While Bitcoin recorded a 7.62% drop after its expected halving, Ethereum dazzled with a significant 45.67% price increase.

Developments and adoption

In terms of adoption and development, Bitcoin enjoys an enviable position due to its status as the most popular cryptocurrency, especially attractive to large financial institutions. For its part, Ethereum is rapidly gaining ground with its constant technical advances and the growing appeal of its decentralized applications, dApps.

Long-term outlook

Bitcoin: The reduction in the issuance of new units as a result of the halving and the growing adoption of Bitcoin in financial institutions seem to point to sustained growth for this cryptocurrency in the long term.

Ethereum: With its consistent technical innovations and an increase in the adoption of dApps, along with the expected transition to Ethereum 2.0, the outlook for Ethereum is also positive.

In conclusion, both Bitcoin and Ethereum show significant potential despite current challenges. Their recent developments and events indicate that both cryptocurrencies could continue to play crucial roles in the global financial ecosystem in the long term. To learn more about cryptocurrencies and their impact on the financial world, visit the Unas-Holding.org blog, where we will keep you informed about the latest news and investments in cryptocurrencies and mining.

Frequently asked questions:

What is Bitcoin halving? Bitcoin halving is a scheduled event that occurs every four years and halves the reward miners receive for validating blocks.

How does halving affect the price of Bitcoin? Halving reduces the number of new bitcoins created and entering circulation, which can create scarcity and increase the price if demand remains constant.

How has Ethereum performed in 2024? During 2024, Ethereum has shown steady price growth, reaching an increase of more than 45%.

What challenges do Bitcoin and Ethereum face? Both cryptocurrencies face challenges such as high volatility, regulatory uncertainty, and scalability issues.

What does the future hold for Bitcoin and Ethereum? Significant growth is anticipated for both Bitcoin and Ethereum due to continued institutional adoption and technical improvements, respectively.

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