CoinGecko looked at all that happened with bitcoin in 2021, from its enhanced price volatility to the miners' relocations from China to other nations.
CoinGecko looked at all that happened with bitcoin in 2021, from its enhanced price volatility to the miners’ relocations from China to other nations.
The asset started 2021 on a high note, registering new all-time highs frequently before China’s ban on anything crypto and the ousting of miners brought a massive correction mid-year. BTC resumed its bull run in early Q4 and charted yet another new record which now stands at $69,000 on news that the US finallyHowever, it was mostly downhill since then as BTC lost more than $20,000 by the end of the year and finished around $48,000.
Interestingly, gold – considered by many as the ultimate hedging tool in terms of economic uncertainty – declined by 6% during 2021.It’s worth noting that bitcoin outperformed all other asset classes in 2020 as well. Back then, its dominance was significantly higher, as its yearly surge was 281%, compared to NASDAQ’s 42% and gold’s 24%.any mining activities.
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