To say that 2021 was a crazy year for the cryptocurrency market is an understatement–so to give you the best overview, we decided to break down our take on what happened into three articles, each with a different focus. Today, in the first article, we’ll talk about Bitcoin and the altcoins in 2021.
What happened in 2021?
This year was definitely a turning point for the once niche cryptocurrency market: countless major global headlines featured buzzwords like NFTs, Metaverse, blockchain technology, and Bitcoin ETF.
Moreover, once unthinkable events, such as El Salvador adapting Bitcoin as legal tender also took the world by storm, naturally attracting the attention of millions who never heard about crypto before. While this article focuses on everything Bitcoin and altcoins, visit our blog later this week for detailed posts about NFTs and the Metaverse - trust us, you'll want to know these terms in 2022.
Bitcoin's Performance
The biggest cryptocurrency experienced unprecedented ups and downs but still managed to close the year with a healthy, almost 50% gain year over year. For a seasoned crypto investor, this figure could sound a bit lackluster, however, it is considered great when compared to traditional assets, like (read more: https://www.coinpass.com/en/blog/markets/coinpass-2021-crypto-recap-1-3)…
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