From Dow Jones & Company:

The year 2023 has been rough for the crypto industry with major convictions and fines, but 2024 is expected to bring more established, regulated players. Financial institutions, like BlackRock and Fidelity, applied for direct bitcoin ETFs, indicating institutional interest in the market. Bitcoin experienced a 150% gain this year, driven by institutions, but meme coins like Dogecoin and Shiba Inu are also seeing a rally, potentially signaling a return of individual investors. The recent “cleanup” by the SEC on platforms like Kraken and Coinbase is expected to pave the way for more regulated players in the industry. There is also hope that the potential approval of bitcoin ETFs will further improve the market structure.



Read more: A big, messy crypto ‘cleanup’ could pave way for new guard to take over in 2024