The cryptocurrency landscape continues to evolve at a rapid pace, driven by macroeconomic trends, regulatory developments, and shifting investor behaviors. As we navigate through late 2024, key signals from global markets and governments are shaping the future of digital assets. From expanding regulatory frameworks to surging on-chain activity and institutional interest, today’s update highlights the most impactful movements across the crypto ecosystem.
U.S. Administration Eyes Expanded CFTC Authority Over Crypto Markets
In a significant shift in regulatory strategy, reports indicate plans within the U.S. administration to expand the Commodity Futures Trading Commission’s (CFTC) jurisdiction over the $3 trillion cryptocurrency market while reducing the Securities and Exchange Commission’s (SEC) oversight role. Under this proposed framework, the CFTC would assume responsibility for regulating major digital commodities such as Bitcoin (BTC) and Ethereum (ETH), including their spot markets.
This realignment aims to create clearer regulatory boundaries, reduce legal ambiguity, and foster innovation within the crypto industry. By positioning BTC and ETH as commodities rather than securities, the move could pave the way for more favorable treatment of crypto-based financial products and exchanges. Advocates argue that a unified regulatory approach under the CFTC may enhance market transparency, investor protection, and long-term industry growth.
👉 Discover how evolving regulations are reshaping the future of crypto trading.
Bitcoin Bull Run Far From Over: Dollar Trends and On-Chain Data Signal More Gains
Despite a staggering 111% year-to-date surge in Bitcoin's price, many analysts believe the current bull cycle is still gaining momentum. Noelle Acheson, a respected macroeconomic analyst, asserts that Bitcoin’s rally remains intact—with a potential breakout past $100,000 on the horizon.
Two critical factors underpin this optimistic outlook: on-chain activity and U.S. dollar dynamics. Even with distortions caused by Bitcoin ETF inflows, fundamental metrics show sustained growth in network usage. Total on-chain transaction volume continues to climb, yet remains below historically overbought levels—suggesting room for further expansion.
Additionally, the strength or weakness of the U.S. dollar plays a pivotal role. A softer dollar often correlates with increased demand for hard assets like Bitcoin, positioning it as a hedge against inflation and monetary devaluation. As central banks reassess monetary policy amid economic uncertainty, Bitcoin’s appeal as a decentralized store of value grows stronger.
Bitcoin On-Chain Activity Surges: Daily Active Addresses Near 1 Million
Data from IntoTheBlock reveals a dramatic uptick in Bitcoin’s on-chain activity as of November 26, marking one of the most sustained periods of growth since 2021. The number of daily active addresses has climbed close to 1 million, signaling heightened user engagement and network utilization.
This surge reflects growing adoption across both retail and institutional sectors. Increased transaction frequency, wallet creations, and exchange inflows all point to renewed confidence in Bitcoin’s long-term value proposition. Moreover, the consistency of this trend—rather than a short-lived spike—suggests deeper structural demand rather than speculative noise.
Such robust on-chain metrics are often seen as leading indicators of price momentum. With network fundamentals strengthening, the foundation appears solid for continued upward pressure on Bitcoin’s valuation.
South Korean Retail Investors Shift to Crypto: Digital Asset Trading Now Exceeds Stock Volume
In a landmark shift, retail trading volume in cryptocurrencies has surpassed that of traditional equities in South Korea, according to data from Matrixport. This milestone underscores a broader transformation in investor behavior, where younger, tech-savvy participants increasingly favor digital assets over conventional financial instruments.
The trend highlights not only growing trust in blockchain technology but also dissatisfaction with legacy financial systems perceived as slow or inaccessible. With easy access to local exchanges and mobile trading platforms, South Korean investors are embracing crypto for its liquidity, transparency, and potential for high returns.
This paradigm shift may foreshadow similar patterns in other developed economies, especially as global regulators move toward clearer crypto frameworks. If sustained, such retail adoption could significantly influence market volatility, pricing dynamics, and policy decisions worldwide.
👉 See how global retail trends are fueling the next wave of crypto adoption.
UK Regulators Target Comprehensive Crypto Rules by 2026
The UK’s Financial Conduct Authority (FCA) has announced a structured roadmap to finalize comprehensive cryptocurrency regulations by 2026. Starting this quarter, the agency will publish discussion papers and launch consultations covering critical areas such as:
- Market abuse prevention
- Licensing requirements for crypto exchanges
- Lending and staking services
- Stablecoin issuance and oversight
The initiative aims to establish a robust regulatory framework that balances innovation with consumer protection. By engaging industry stakeholders early in the process, the FCA seeks to create rules that support responsible growth while mitigating risks related to fraud, money laundering, and systemic instability.
This proactive stance positions the UK as a potential leader in shaping global crypto policy—a move that could attract fintech investment and position London as a hub for compliant digital asset innovation.
Brazil Lawmaker Proposes National Bitcoin Reserve
In a bold move toward sovereign diversification, Brazilian congressman Eros Biondini has introduced legislation proposing the creation of a “Strategic Bitcoin Sovereign Reserve” (RESBit). The plan calls for allocating up to 5% of Brazil’s international reserves into Bitcoin holdings.
The proposal aims to achieve several strategic objectives:
- Diversify national assets beyond traditional fiat currencies
- Hedge against currency depreciation and inflation
- Reduce exposure to geopolitical risks tied to U.S. dollar dominance
- Promote transparency through auditable blockchain-based reserve management
While still in early stages, the idea reflects growing recognition among policymakers that digital assets can play a role in modern treasury strategies. If adopted, Brazil would join nations like El Salvador in embracing Bitcoin at the institutional level—though on a more measured, portfolio-based approach.
Frequently Asked Questions (FAQ)
Q: Why is expanding CFTC authority significant for crypto markets?
A: Transferring oversight of Bitcoin and Ethereum to the CFTC could provide clearer classification of these assets as commodities, reducing regulatory uncertainty and encouraging innovation in spot markets and derivatives.
Q: Can Bitcoin really reach $100,000? What supports this prediction?
A: Yes—it's plausible given current momentum. Key drivers include rising on-chain activity, ETF inflows, macroeconomic conditions favoring hard assets, and increasing institutional adoption.
Q: What does rising daily active addresses mean for Bitcoin investors?
A: Higher on-chain activity typically indicates stronger network health and growing real-world usage, which historically precedes price appreciation.
Q: Is it safe for countries to hold Bitcoin as part of their reserves?
A: While volatile in the short term, Bitcoin offers long-term diversification benefits. When capped at a small percentage (e.g., 5%), it can act as a hedge without endangering fiscal stability.
Q: How might UK crypto regulations impact global markets?
A: As a major financial center, the UK’s regulatory model could influence other jurisdictions, setting benchmarks for licensing, transparency, and consumer safeguards.
Q: Are retail investors driving crypto trends more than institutions now?
A: Both play crucial roles—retail fuels liquidity and awareness; institutions bring scale and legitimacy. The synergy between them amplifies market movements.
Final Outlook: A New Era of Institutional Recognition and Global Integration
As we approach 2025, the convergence of regulatory clarity, technological maturity, and cross-border adoption signals a maturing digital asset class. From sovereign reserve strategies to generational shifts in investment preferences, the foundations of crypto’s long-term viability are being solidified.
Whether you're an investor, developer, or policymaker, staying informed about these macro-level changes is essential. The next phase of crypto won’t just be about price—it will be defined by integration, regulation, and real-world utility.
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