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On the last day of 2021, the crypto market is trading in the green. According to Indian exchange, CoinSwitch Kuber, Bitcoin experienced a gain of 0.73% and kept its trading value at $51,007. Besides, on international exchanges such as CoinMarketCap and Binance, the world\u2019s largest cryptocurrency is trading at around $47,209 per token. Recently, Bitcoin was having a rough time as it dropped from its all-time high of $69,000 last month and since then failed to maintain steady growth.<\/p>\n
Following Bitcoin, Ethereum also registered a gain of 1.61%. According to NDTV\u2019s Gadget 360\u2019s crypto price tracker, each token of Ethereum is currently trading at $4,060.<\/p>\n
![\"Bitcoin,](\"https:\/\/newsroompost.com\/wp-content\/uploads\/2021\/12\/Untitled-design-170.jpg\")
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Apart from these two major cryptocurrencies, Cardano, Ripple, Polkadot, Dogecoin, Shiba Inu and Polygon also experienced gains.<\/p>\n
On the contrary, a small bunch of digital coins such as Tether, USD Coin, and Bitcoin Cash suffered losses on the last day of the year.<\/p>\n
Experts in the world of cryptos predicted that as Bitcoin is witnessing strength in its dominance little but continuous gains, altcoins will experience growth shortly.<\/p>\n
\u201cThe largest cryptocurrency by market capitalisation, Bitcoin, stayed above the $47,000 (roughly Rs. 35 lakh) mark and Ether hovered above $3,700 (roughly Rs. 2.75 lakh). Most of the top altcoins remained range-bound following the cues from the two largest cryptocurrencies. Bitcoin dominance signals that the altcoins could likely have a better session over the coming days,\u201d Edul Patel, CEO, and Co-founder of crypto investment firm Mudrex.<\/p>\n
Meanwhile, 2021 emerged as a milestone for the crypto world.<\/p>\n
El Salvador adopted Bitcoin as legal tender in September, thus validating the crypto space. On the other hand, in October, the first Bitcoin futures exchange-traded fund (ETF) was launched at the New Year Stock Exchange (NYSE) which enabled Bitcoin to reach an all-time high price record.<\/p>\n
![\"Cryptocurrency\"](\"https:\/\/newsroompost.com\/wp-content\/uploads\/2021\/12\/Untitled-design-1-127.jpg\")
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Also, crypto-based companies managed to gather over $80 billion from venture capital funds, quadrupling from 2018.<\/p>\n
Besides, the Bank of America in a report stated that the industries backed and based on cryptocurrencies have witnessed a huge global explosion, making the space \u201ctoo large to ignore.\u201d<\/p>\n
In the US, memecoins like Shiba Inu and Dogecoin have been adopted as payment options in terms of movie tickets and gift cards.<\/p>\n<\/div>\n
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"On the last day of 2021, the crypto market is trading in the green. According to Indian exchange, CoinSwitch Kuber, Bitcoin experienced a gain of 0.73% and kept its trading value at $51,007. Besides, on international exchanges such as CoinMarketCap and Binance, the world\u2019s largest cryptocurrency is trading at around $47,209 per token. Recently, Bitcoin […]<\/p>\n","protected":false},"author":1,"featured_media":3393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[36],"tags":[52,88,2797,219],"class_list":["post-3392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-cryptocurrency","tag-day","tag-details","tag-market"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/12\/Untitled-design-2-93.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3392"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3392\/revisions"}],"predecessor-version":[{"id":3394,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3392\/revisions\/3394"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/3393"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3392"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}