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Commentators CNBC spoke to, both inside and outside of the cryptocurrency industry, have given various price predictions for bitcoin in 2024, ranging from $60,000 to $500,000.
Industry executives have called the start of a new bull run, mainly predicated on two things — the bitcoin “halving” and the potential approval of a bitcoin exchange-traded fund in the U.S.
2023 was marked by the conclusion of criminal probes against FTX and Sam Bankman-Fried as well as Binance and its founder Changpeng Zhao.