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Crypto 2021 — Year: Market-impacting ups and downs

2021 was the most amazing year in the history of cryptography. According to PitchBook Data, the venture capital fund is a year. The top five bullish crypto events in 2021 are:

> In February, Tesla announced the purchase of $ 1.5 billion in Bitcoin. In addition, it is said that payment will be made with Bitcoin. As a result, the market capitalization of Bitcoin has exceeded $ 1 trillion (about 75,04,768.69 rupees) for the first time.

In March, a non-fungible token (NFT) for “Everydays: The First 5000 Days” from digital artist Beeple (Mike Winkelmann) was auctioned for over $ 69 million.

In April, the cryptocurrency exchange Coinbase was listed directly on the Nasdaq Stock Exchange. Its valuation peaked at a whopping $ 112 billion.

In June, El Salvador’s President Nayib Bukele announced plans to make Bitcoin a legal tender.

In September, El Salvador officially adopted Bitcoin as legal tender.

Upside down

Here’s how some of the top cryptos went on in 2021. Bitcoin $ 29,374 (about 22.06 rupees) $ 51,000 (about 38.30 rupees) ether $ 730 (about 54,833 rupees) $ 4,000 (about 30,000 rupees) Binance coin $ 38 (about 2,853 rupees) $ 550 (about 41,308 rupees) Solana $ 2 (about Rs. 150) $ 190 (about 14,270 rupees) Cardano $ 0.2 (about 15 rupees) $ 1.5 (about 112 rupees) Terra $ 0.7 (about Rs .53) $ 97 (about 7,286 rupees) avalanche $ 4 (about 300 rupees) $ 116 (about 8,709 rupees) Polka dot $ 8 (about 600 rupees) $ 29 (about 2,178 rupees) Dogecoin $ 0.006 (about Rs. 0.45) $ 0.2 (about 15 rupees) polygon $ 0.02 (about Rs. 1.5) $ 2.5 (about Rs. 188) Source: CoinMarketCap.com

In November, the overall market capitalization of cryptocurrencies exceeded $ 3 trillion (about 2,25,36,058 rupees) for the first time.

2021 was a great year for meme coins, especially Dogecoin and Shiba Inu.

China is also at the forefront of the surge in news about the Central Bank’s digital currency (CBDC).

According to a prominent report, 55 of the world’s top 100 banks have some form of blockchain or cryptocurrency exposure in their portfolios. Disadvantage

On the bearish side, Binance, the largest crypto exchange, has suffered many outages and faced many legal issues in many countries.This year also saw a huge number of rug pulls, hacks and scams. Reuters estimated that the decentralized finance (DeFi) platform lost more than $ 10 billion (about 75,047 rupees) in fraud and fraud.The strangest thing was a massive $ 634 million hack on the Poly Network. The hacker has returned all the money!Thanks to coverage by top media houses such as CNBC, Forbes, and Business Insider, the big rug pull is a squid game token, which has skyrocketed to nearly $ 3,000.One of the biggest scams, $ 3.6 billion, was committed by Brothers Raees and Ameer Cajee, who ran the South African company Africrypt.Cryptocurrency phishing scams targeted users of the crypto wallets MetaMask and Phantom, as well as the crypto swap platform Pancake Swap.The FBI, a US law enforcement agency, has warned […]

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