The cryptocurrency market experienced a recovery in late 2023, with Bitcoin surging from $16,000 to over $44,500. Regulatory clarity and growing acceptance among institutional and retail investors were key factors in the market’s rebound. G20 nations adopted a roadmap for cryptocurrency regulation in October. Industry experts anticipate a promising 2024, driven by increased regulatory clarity, the introduction of Bitcoin and Ethereum ETFs, and potential interest rate shifts by central banks. The next Bitcoin halving in 2024 is expected to increase scarcity and boost prices. Cryptocurrencies are evolving beyond speculation, integrating into sectors like supply chain management and healthcare.
Cryptocurrency Market Witnesses Recovery in Late 2023, Eyes Promising 2024 with Regulatory Clarity
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