CoinGecko looked at all that happened with bitcoin in 2021, from its enhanced price volatility to the miners’ relocations from China to other nations.
The asset started 2021 on a high note, registering new all-time highs frequently before China’s ban on anything crypto and the ousting of miners brought a massive correction mid-year. BTC resumed its bull run in early Q4 and charted yet another new record which now stands at $69,000 on news that the US finallyHowever, it was mostly downhill since then as BTC lost more than $20,000 by the end of the year and finished around $48,000.
Interestingly, gold – considered by many as the ultimate hedging tool in terms of economic uncertainty – declined by 6% during 2021.It’s worth noting that bitcoin outperformed all other asset classes in 2020 as well. Back then, its dominance was significantly higher, as its yearly surge was 281%, compared to NASDAQ’s 42% and gold’s 24%.any mining activities.
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