Volatility Ruled Crypto Markets in 2021, From $69K Bitcoin to Elon Musk’s ‘Dogecoin to the Moooonn’
NFTs exploded, Coinbase stock went public, El Salvador bought the dip and China cracked down on bitcoin miners, while Solana’s SOL tokens and Polygon’s MATIC shot up by multiples of 90 or more. Here’s how crypto traders played it.
Cryptocurrencies Approach New Year in Positive Mood
Bitcoin advanced to its highest price in three days, though all of the biggest cryptocurrencies are negative for the week.
First Mover Asia: Bitcoin Sees Out the Year Near $47K Amid Low Volume Spot Trading
Technical analysis supports a “buy” signal after bitcoin logged three straight days of losses this week.
Market Wrap Year-End Review: Bitcoin ETF Rally Proved Short-Lived, and $100K Dreams Faded
In October, the long-awaited U.S. bitcoin ETF approval sent BTC’s price toward an all-time high of almost $69,000. But extreme leverage preceded a sell-off back down to $47,100 by the end of the year.
MicroStrategy Buys Another $94.2M of Bitcoin
As of Dec. 29, the company held about 124,391 bitcoins purchased at an average price of $30,159.
Bitcoin Investors Protect Against Even Lower Prices Ahead of New Year
Investors are buying options against falling prices ahead of a major expiry.
First Mover Asia: Bitcoin Trades Near $47K on Low Volume During Year-End Holidays
The center of the market is still at the expiry of the options contract on Dec. 31.
