November 27, 2023
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December 26, 2023
Bitcoin has outshone traditional markets with a remarkable 160% surge in the past year, surpassing returns from Nifty50 and gold.
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Some altcoins experienced extraordinary gains of up to 16,000%, providing investors with unprecedented returns in the crypto space.
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Both Bitcoin and Ethereum displayed significant gains, with Bitcoin's Year-to-Date growth reaching an impressive 160%, reflecting a clear shift in sentiment towards crypto assets.
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The crypto market's growth throughout the year was marked by organic and sustained development, positioning it favorably for the future, according to Rahul Pagidipati, CEO of ZebPay.
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Regulatory hopes and expectations of Federal Reserve rate cuts fueled Bitcoin's 2023 surge.
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BlackRock's filing for a Bitcoin spot ETF played a major role in Bitcoin's rise from $16,000-$16,500 at the beginning of the year to an impressive $44,000 by December.
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Bitcoin's 2023 rally is credited to its four-year cycle and its use as an inflation hedge, especially in nations with currency devaluation like Turkey, Egypt, Nigeria, Argentina, Lebanon, and Pakistan.
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