There are just a few more hours left to 2021 and what a wild ride it has been! Surely, it was the most explosive year in the cryptocurrency market in terms of both adoption and price performance. This is our last weekly recap and, unfortunately, things are not looking their best. Starting with BTC, the past seven days ended with a 5.4% decline and the cryptocurrency retracing back below $50K. At the time of this writing, bitcoin's price sits above $47K, up 1% in the past 24 hours. Things were looking good for BTC but it was on Monday when everything took a turn for the worst. The cryptocurrency was rejected at $52,000 and started plunging towards $50K. This level was also lost the following day and the price found a potential local bottom at above $46K. The altcoins market is not looking any better. Ethereum trades at a 8.8% loss, while BNB is down 5.1%. Sol is down 8%, ADA - 9.5%, Luna - 5%, DOT - 4.7%, but XRP lost the most - 15.5% in the past seven days. |
The number of installed Bitcoin ATMs more than doubled in 2021