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Bitcoin Holds Steady at $30,000 as Experts Predict Bull Market in 2024 Despite Unlikelihood of CNY Stablecoin

Bitcoin's price is currently at $30,000 and it is uncertain what could cause it to move from this level. One potential factor is the availability of a freely convertible Chinese Yuan, which is necessary for a CNY stablecoin, but this is unlikely to happen soon.

The provided code relates to the layout and styling of a website's content cells, including the CoinDesk Market Index and prices for various assets.

Bybit's lead financial engineer believes the market is waiting for signals of a price increase following a slowdown or pause in rate hikes in the second half of the year, with a potential market price recovery in the fourth quarter.

Despite mixed messaging on inflation and rate hikes, a bull market for crypto is expected in 2024 according to some experts.

Bitcoin Bitcoin $94,889.70
-3.62%
Bitcoin Crypto
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