End of Year Roundup: How Did Bitcoin Fare in 2021?
Bitcoin (BTC), the world's largest cryptocurrency, started off the year soaring 129% to a new all-time high of $64,843 before experiencing the biggest crash in nominal terms. From the April 14 high to the June 22 low, Bitcoin lost over $36,000 in value, or 55.59%, before bottoming out.
In the second half of the year, the bullish sentiment returned slowly and steadily, which helped push BTC's price to a new all-time high of $69,000 – a 139.58% rally from mid-June low.
The last two months of the year saw Bitcoin’s price pulling back towards the $42,000 - $50,000 range. At the time of writing, one Bitcoin is valued at $47,810.
2021 Key Bitcoin Stats
The total USD value of Bitcoin in circulation reached another significant milestone of $1.215 trillion on November 16. At the start of the year, Bitcoin market capitalization was only $478 billion; this represents a 154% increase in market capitalization.
Bitcoin’s market dominance has fallen drastically to 40.2% from 70.68% at the beginning of the year, though Bitcoin kept its lead as the most traded cryptocurrency in 2021. Meanwhile, the Bitcoin network hash rate, which represents the speed of mining, has hit a new all-time high in 2021 of 181.77 million TH/s.
Looking Ahead: Overall, Bitcoin had a fantastic year, and we are looking forward to seeing what surprises await us next year!
In the second half of the year, the bullish sentiment returned slowly and steadily, which helped push BTC's price to a new all-time high of $69,000 – a 139.58% rally from mid-June low.
The last two months of the year saw Bitcoin’s price pulling back towards the $42,000 - $50,000 range. At the time of writing, one Bitcoin is valued at $47,810.
2021 Key Bitcoin Stats
The total USD value of Bitcoin in circulation reached another significant milestone of $1.215 trillion on November 16. At the start of the year, Bitcoin market capitalization was only $478 billion; this represents a 154% increase in market capitalization.
Bitcoin’s market dominance has fallen drastically to 40.2% from 70.68% at the beginning of the year, though Bitcoin kept its lead as the most traded cryptocurrency in 2021. Meanwhile, the Bitcoin network hash rate, which represents the speed of mining, has hit a new all-time high in 2021 of 181.77 million TH/s.
Looking Ahead: Overall, Bitcoin had a fantastic year, and we are looking forward to seeing what surprises await us next year!