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<h2 id="span-style-font-size-19px-color-inherit-font-weight-bolder-crypto-market-s-mixed-2023-bullish-end-and-regulatory-challenges-span-br">Crypto Market's Mixed 2023, Bullish End and Regulatory Challenges </h2>
The cryptocurrency market, showing a bullish trend at the end of the year, is instilling high hopes in investors for the upcoming year, i.e., 2024. The market felt pressure in the beginning of the year due to investigations by the SEC into crypto exchanges. However, towards the end of the year, rumours related to the <a href="https://www.coingabbar.com/en/crypto-currency-news/cash-based-bitcoin-etf-may-be-approved-in-the-coming-week" title="Bitcoin ETF" class="f-link" rel="noopener noreferrer nofollow">approval of Bitcoin ETFs</a> sparked a rapid upward movement in the market once again. In the last month of the year, major cryptocurrencies like Bitcoin, Ethereum, Solana, and Polygon, along with meme coins such as Shiba Inu, Dogecoin, and BONK, demonstrated excellent performance.&nbsp;
Bitcoin, which struggled to surpass its $30,000 level at the start of the year, reached a two-year high of $45,000 by the end of the year. Currently trading around $44,000, there is an expectation that it will continue to show similar momentum. Despite regulatory pressures on crypto firms such as Binance, Coinbase, and Ripple from the SEC at the beginning of the year, these firms have regained momentum after reaching agreements on some issues and winning on others. In retrospect, 2023 seems to be a mixed year for the cryptocurrency market.
<h3 id="span-span-data-font-font-size-style-font-size-16px-crypto-market-optimism-is-anticipating-growth-in-2024-span-span">Crypto Market Optimism is Anticipating Growth in 2024</h3>
As the year 2023 is coming to a close, the crypto market is experiencing a bull run, and investors have high expectations for the upcoming year, 2024. Investors believe that the coming year will be significantly better for the crypto market. Their reasoning behind this is that the year 2024 will witness the Bitcoin Halving event, which could be a major catalyst for a bullish trend in the crypto market. Historical data indicates that after every <a href="https://www.coingabbar.com/en/crypto-currency-news/mining-efficiency-is-increasing-before-bitcoin-halving" title="Bitcoin Halving" class="f-link" rel="noopener noreferrer nofollow">Bitcoin Halving event</a>, the market has experienced a surge, whether it was the 2020 Halving event or those in previous years.
Another reason for optimism in the crypto market, as suggested by market experts, is the efforts being made to create a regulatory roadmap for crypto regulations in India. According to them, the success of creating a framework during the G20 meeting under India's leadership in 2024 could positively impact the market. It is believed that the upcoming year will bring clear rules and regulations for crypto, benefiting cryptocurrency investors. Consequently, the next year is expected to see an increase in the number of investors in the crypto market, and the market is likely to achieve new record highs.
Also Read :&nbsp;<a href="https://www.coingabbar.com/en/crypto-currency-news/boxing-day-promoting-enthusiasts-to-dive-in-crypto-era" title="Boxing Day" class="f-link" style="background-color: rgb(255, 255, 255);" rel="noopener noreferrer nofollow">Boxing Day Invites Enthusiasts To Introduce People To The Crypto World</a>

Crypto Market Showing Potential for Year 2024

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