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Market Wrap Year-End Review: Altcoins, NFTs Filled Void When Bitcoin Got Boring

In mid-2021, crypto traders turned their attention to “Ethereum killers” and ridiculous-seeming NFTs that fetched hundreds of thousands of dollars.

Artist's rendition of a Bored Ape NFT. (Adam Levine/CoinDesk)

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Bitcoin Long-Term Holders Stay Strong Despite $20K Drop From Last Month’s High

Falling prices have done little to deter holders of the world’s largest cryptocurrency.

Poseedores de bitcoin a largo plazo se mantienen firmes pese a que el precio ha retrocedido este mes. (Pixabay, modificado por CoinDesk)

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Polkadot Leads Altcoin Losses After Bitcoin Is Rejected at $52K

Markets saw a pullback on Tuesday after a relatively flat weekend.

Rejection. (Shutterstock)

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Crypto Futures See $300M in Losses After Spot Market Drops

Nearly 80% of long positions were liquidated over 24 hours, with $90 million in losses on bitcoin futures alone.

faucet, drip

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DeFi Traders Push Terra’s UST Stablecoin to $10B Market Cap

The coin has surpassed Binance Smart Chain in total value locked amid rapid DeFi growth.

Moon Lightning

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Cardano, Polkadot Jump as Bitcoin Holds Above $50K

Major cryptocurrencies including bitcoin and ether regained price levels from Friday after seeing a slight dip over an otherwise quiet Christmas weekend.

Price chart for Cardano's ADA token over past month. (CoinDesk)

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Cardano, Polkadot Advance as Crypto Market Rallies Ahead of Christmas

Thin liquidity leading to the holiday season led to a brief revival of most cryptocurrencies.

Tokens of Cardano surged Friday. (TradingView)

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DeFi Value on Terra Surges to Record $21B as LUNA Tops $100

Thursday’s dip to $85 for LUNA tokens was erased overnight.

(Annie Spratt/Unsplash)

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Market Wrap Year In Review: Remembering Bitcoin’s FUD-Fueled Crash

As crypto markets moved through April and May, many buyers began to cash out as fear, uncertainty and doubt (”FUD”) overwhelmed traders. Concerns included U.S. capital gains taxes on digital assets, bitcoin’s environmental footprint and an outright ban on crypto mining in China.

(Faberge Workshop/Art Institute of Chicago, modified by CoinDesk)

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NEAR Token Jumps Over 20% After UST Integration

Tokens of the layer 1 blockchain are up 23% after Terra said its UST stablecoins would be supported on the network.

A Near sign in Lisbon, Portugal (Zack Seward/CoinDesk)