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Bitcoin poised for rally in first quarter of 2024. Before that, expect further consolidation.

Welcome back to Distributed Ledger. This is Frances Yue, reporter at MarketWatch.

A U.S. federal court on Tuesday ordered the Securities and Exchange Commission to vacate its rejection of Grayscale Investments’ application to convert its Bitcoin Trust product into an exchange-traded fund. 

Industry participants have been celebrating the ruling,…

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