Market Wrap Year-End Review: El Salvador Adopted Bitcoin, Then Bought the Dip

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MARKET WRAP: El Salvador became the first country in the world to adopt $BTC as legal tender. But it wasn't enough to keep BTC near $50K as China's credit woes triggered selling.

Hi Market Wrap readers! During the final two weeks of 2021, we’re using this space to recap this year’s most dramatic moments in cryptocurrency markets – and highlight the key lessons from this fast-evolving corner of global finance. Over a series of eight posts that started on Dec. 20 and that will run through Thursday, we’ll recap what shook crypto markets this year.

In Tuesday’s post, we explored how alternative coins or “altcoins” rallied during the first part of the year – illustrating just how far the year’s explosion in popularity for digital-asset markets extended beyond bitcoin, the largest cryptocurrency by market cap. Bitcoin’s market capitalization relative to the total crypto market capitalization sharply declined between March and May as traders shifted attention to other areas of the crypto universe.

Bitcoin rose about 70% from a low of around $30,000 toward a high of nearly $50,000 in early September as traders reacted to the news from El Salvador – seen by many fans of the 12-year-old digital asset as a long-awaited

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Hex did 300% in last month alone and 10000x in 620 days. Soon PulseChain coming( will do 10000x and the biggest airdrop in history).

Which dumb person or leader would want Bitcoin for any use of country or company. It’s all gamble. You put the money in tomorrow it goes down to the ground or up not stable.

It's not enough. Let's fall back to 30 thousand dollars

Shoulda invest in doge

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Interest Rates and the Forex MarketThere’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here: what insight! I never knew I would be what I'm today after so much suffering, I saw a post about your platform and I took a step to try if it's going to work, I just want to share your good work and let the world know how great and responsible you are xAvieremerson_ Holding is hard in bear markets, there's temptation to get out of your position. Holding is also hard in bull markets, the siren song of altcoins is difficult to resist xAvieremerson_ tweets & tips have been helpful so far. I expect bitcoin to break out soon Follow him
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