Crypto Currency News
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+710.52
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Dogecoin
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0

Volatility dominated the crypto markets in 2021, from Bitcoin worth 69,000 USD to Elon Musk’s “Dogecoin to the Moooonn”

Bitcoin held a powerful rally in early 2021, punctuated by tweets from billionaire Tesla founder Elon Musk that drove up prices for the joke token Dogecoin. Soon, however, China’s crackdown on cryptocurrency mining and growing nagging concerns about the Bitcoin blockchain’s ecological footprint dampened the market. Instead, crypto traders made all sorts of bets on NFTs, video game-related tokens like Axie Infinity’s AXS, and emerging blockchains like Solana and Terra. (Were they fads or a technological revolution?) El Salvador introduced Bitcoin as legal tender, and the largest cryptocurrency eventually hit a new all-time high of $ 69,000. But by the end of the year it was clear that bullish traders would not realize the (commonly predicted) dream of $ 100,000 pressure.

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