While Bitcoin’s surge above $100,000 captivated the headlines in 2024, many financial firms were more focused this year on a different type of cryptocurrency whose price is never meant to rise — or fall for that matter.

This is turning out to be a “landmark year” for the crypto industry, Binance Holdings Ltd. Chief Executive Officer Richard Teng said, thanks to growing regulatory clarity, more mainstream adoption and the launch of exchange-traded funds tied to Bitcoin.

Bitcoin dropped below $29,000 for the first time in over a month as the recent exorbitance over ETFs and a more favorable regulatory outlook eases.

Count on crypto fans to jump on any burgeoning trend as fast as they can.

Cryptocurrencies extended declines to the lowest levels in two years as Binance is seen increasingly unlikely to follow through on its takeover of FTX.com.

The cryptocurrency market appears by some measures to be poised to break out of the narrowest trading range in almost two years.

After a cruel summer, crypto fans might be in for an unforgiving September, too.

Cryptocurrencies mirrored global markets and declined after Jerome Powell warned against prematurely loosening policy, with Bitcoin settling into the lower end of the narrow range that it has traded in the past two weeks.

A vague tweet by a founder of Three Arrows Capital, an influential hedge fund that has been liquidating crypto holdings as prices plummeted, is stirring fresh apprehension in an already shaken industry.