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Bulls Charge Markets to Multi-Year Highs; Cryptos Eye Fed, ETFs for 2024 Cues

As the crypto market rebounds from a tumultuous 2022, investors gear up for 2024 with a keen eye on central bank interest rates and the potential approval of new bitcoin ETFs in the U.S., setting the stage for strategic investment decisions in a recovering digital asset landscape.

December 31, 2023

Crypto investors will decide how to place their bets in 2024 by focusing on central bank interest rates and a US regulatory decision on new bitcoin exchange-traded funds (ETFs) following a successful end to 2023.

After a disastrous 2022 in which the industry's credibility was damaged by a market crisis and several scandals, including the demise of FTX and fraud charges against its CEO, Sam Bankman-Fried, cryptocurrencies came back in 2023.

The market's largest cryptocurrency and primary indicator, Bitcoin, has seen a price increase of almost 200% this year, with a 20-month high of $42,000 per token in November.

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