Crypto Market Review (Q4 2024)
San Francisco • January 16, 2025
Years from now, we’ll look back at Q4 2024 and say, “That’s when crypto went fully mainstream.”
During the quarter:
Crypto won big in the U.S. election, with more than 250 pro-crypto candidates elected.
Bitcoin topped $100,000 for the first time.
Breakout crypto app Polymarket became the primary tool for investors wagering on the 2024 elections.
MicroStrategy, a company with billions in bitcoin holdings, entered the Nasdaq-100, cementing its place among tech giants.
Billions of dollars flooded into tokenized Treasury products, private credit, and other onchain offerings.
For more on these and other crucial Q4 developments, plus insights into what's next, check out the latest Bitwise Crypto Market Review—a data-driven report featuring more than 60 charts and tables.
Download the Full Report
Access this report for key data points that shaped crypto markets in recent months.
Bitwise Asset Management is the largest crypto index fund manager in America. Thousands of financial advisors, family offices, and institutional investors partner with Bitwise to understand and access the opportunities in crypto. For seven years, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETFs, separately managed accounts, private funds, and hedge fund strategies. Bitwise is known for providing unparalleled client support through expert research and commentary, its nationwide client team of crypto specialists, and its deep access to the crypto ecosystem. The Bitwise team of more than 90 professionals combines expertise in technology and asset management with backgrounds including BlackRock, Millennium, ETF.com, Meta, Google, and the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and has been profiled in Institutional Investor, Barron’s, Bloomberg, and The Wall Street Journal. It has offices in San Francisco, New York, and London.
Matt HouganChief Investment Officer
Ryan RasmussenHead of Research
Juan LeonSenior Investment Strategist
Mallika KolarQuantitative Research Analyst
André Dragosch, PhDDirector, Head of Research, Europe
Ayush TripathiResearch Analyst, Europe
Gayatri ChoudhuryQuantitative Investment Analyst
