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Institutional tax-loss harvesting weighs on the Bitcoin price as 2021 comes to a close -Breaking

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2021 was a great year for cryptocurrency markets in general, despite year-end woes that kept the price of (BTCThe price of ) was lowered to $48,000 by the group of people who were calling for a $100,000 BTC Moonshot.

From Cointelegraph Markets ProAnd TradingViewThe graph shows that 24 hours ago have been an emotional rollercoaster for top cryptocurrency. After a short dip of $46,000 on Dec. 30, the price quickly climbed to $47,500 at midday.

BTC/USDT 4-hour chart. TradingView
1-week chart. Source: Twitter
BTC/USDT 4-hour chart. Source: Twitter