What will 2024 be like for cryptocurrencies?
If 2022 was remembered as a crash for cryptocurrencies, then this year a new rally began, which could grow even more in 2024, Yahoo writes.
BTC is up more than 160% year-to-date, topping $44,000 for the first time since early 2022, and shares of cryptocurrency exchange Coinbase (NASDAQ:COIN) have more than tripled.
According to experts, this rise was facilitated by the general sentiment of investors who believe that cryptocurrencies âhave come for a long time and in earnest.â
The renewed growth of the entire cryptocurrency industry has become one of the biggest market developments in 2023, following the epic crash in 2022 that wiped out some of the biggest companies in the industry.
Now, at the end of 2023 and beginning of 2024, cryptocurrency investors can breathe easy: one of the industry's biggest problems has disappeared after the conviction of FTX exchange founder Sam Bankman-Fried and the admission of guilt by Binance CEO Changpeng Zhao.
