The year for Bitcoin — A 2021 roundup of the flagship crypto -Breaking
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© Reuters. Investors operating in the crypto space saw some improvement in 2021, but it was still driven by the same fears that emerged back at 2020. From rising inflation rates to another wave of coronavirus-related outbreaks, the ground beneath everyone’s feet continued to move even without them knowing.
As an example, everyone believed thatBTC) would hit a price target of $100,000 quite easily — including many traditional financial institutions — by the turn of the new year, the flagship crypto continued to showcase a high degree of volatility despite having touched an all-time high of $69,000 earlier in November, and essentially just moved in a broad sideways channel for the past ten months.
El Salvador is leading the charge in adoption, accelerating adoption
Bitcoin transactions gain momentum
Taproot finally makes its long-awaited debut
China causes disruption in mining
Infrastructure development surges
Bitcoin is now available to major mainstream corporations
Participation by financial institutions
Conversations surrounding Bitcoin’s environmental impact grew
Increased global regulation scrutiny is a sign of growing concern
Bitcoin ETF debuts on the NYSE
Coinbase (NASDAQ:) IPO
We look ahead towards 2022
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