The Rise of Cryptocurrency Prices: Investor Confidence on the Upswing
The year 2022 witnessed a 76% decline in the total cryptocurrency market, marking a memorable bear market in the crypto industry. Widespread pessimism surrounded the sector throughout the year. However, 2023 brought a change in events as the market showed resilience and began to recover. Bitcoin, the leading cryptocurrency, rebounded from a low of $16k to $43k, recording a 167% increase in its price valuation. Ethereum also doubled in value from $1.2K to $2.3K in a similar move.
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