In 2024, Bitcoin experienced a price rally of 122%, yet its annualized volatility fell to a historic low of below 50%. This significant reduction contrasts sharply with the 80% volatility in 2022 and over 100% in 2018. A notable factor behind Bitcoin's 2024 success was attributed to the unprecedented performance of Bitcoin ETFs, which had accumulated substantial investments by the year's end. Furthermore, Bitcoin's inflation rate decreased to 0.9% following an April halving, marking a pivotal moment as its issuance rate dropped below that of gold's long-term supply growth. In tandem with Bitcoin's achievements, stablecoins emerged as a dominant blockchain utilization in 2024, amassing an annualized transaction value of $15.6 trillion — surpassing that of Visa and Mastercard. The number of stablecoin transactions reached approximately 110 million monthly. With growing legislative efforts aimed at establishing clear regulatory frameworks for stablecoins, experts anticipate that comprehensive legislation will further fortify the market structure in favor of stablecoins and blockchain technology.

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