10 Most Important Bitcoin Moments in 2021 to be Remembered
In 2021, the Bitcoin dominance has proved the crypto’s potential to its investors.
The year 2021 has been a year of breakthroughs for cryptocurrency adoption and its performance. The acceptance of crypto assets is in its early stages and it will continue to grow remarkably in the coming years. Bitcoin has been the highest performing cryptocurrency in 2021. Even after its volatility, BTC has been adopted by nations, financial and tech institutions, and other companies as legitimate modes of transactions. Bitcoin’s growing popularity allowed the crypto to reach record-breaking values, which not only proved profitable for the investors but also hyped up the value of the global crypto market. In this article, we have listed the top unforgettable bitcoin moments that took place in 2021 and shall never be forgotten. Bitcoin crossed the record-breaking mark of US$68,000:Bitcoin investors saw a spike in the asset’s prices since October. In the first week of November, the crypto broke all records and crossed the US$68,000 mark, taking along the market capitalization of the global crypto market up to US$3 trillion. As the world’s largest cryptocurrency, BTC proved its growth potential to its critics and investors and probably showed a glimpse of the future. The launch of the first Bitcoin ETF: After eight years since the first application for the bitcoin ETF was filed, it was in October 2021 that the SEC allowed the launch of the first bitcoin ETF in the US exchange. The ETF tracks bitcoin’s prices through futures contracts traded at the CME. Since the rumours about the launch circulated amongst the investors, the market saw a record-breaking price rally in the asset with several investors trading bitcoin every day with the hopes of gaining profits. El Salvador became the first country to accept Bitcoin as legal tender: In September 2021, El Salvador became the first country to legalize bitcoin payments and transactions and use it as a currency. Leaders of the country suggested that legalizing bitcoin would spur investment in the country and would be a big help for 70% of Salvadorans who do not have access to traditional financial services. Initially, the government held 550 bitcoins which approximately adds up to US$26 million.- DIFFERENCE IN MONEY & BITCOIN
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