For believers, it was a moment of vindication after a 2022 industry downturn that sent several major companies into bankruptcy and tainted crypto's reputation.
After hitting a low of roughly $16,000, Bitcoin's price has soared to $69,000, indicating a resurgence in the market.
A major turning point for the crypto industry arrived in August, when a court ruling paved the way for financial firms to offer new investment products tied to the price of Bitcoin.
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