Crypto Market Faces Challenges in 2024: Galaxy Research Analysis

The cryptocurrency market continues to grapple with significant challenges in 2024, as data from Galaxy Research reveals a downturn for many digital assets. Over 70% of the top 100 cryptocurrencies are trading below their previous all-time highs, highlighting the volatility and difficulty in regaining those peak values. Bitcoin and Ethereum have experienced substantial drops, with Bitcoin down by 30–40% from its peak while Ethereum is currently around 30–40% off of its all-time high.