In 2024, cryptocurrencies once again entered a bull market. However, unlike the crypto bull markets of 2017 and 2021, when both Bitcoin as well as Altcoins like Ethereum, experienced rapid price appreciation, this time it seems as though Bitcoin is the main beneficiary of renewed bullish sentiment.
Cryptocurrency prices can be found on Binance. Take a look at price performance over the past year, and one can see that, while Bitcoin is up by 71.9% over the past twelve months, Ethereum has fallen by around 26.3%. Other major Altcoins, like BNB, Binance's native token have gained since last year, but these gains have trailed that of BTC.
