Volatility Ruled Crypto Markets in 2021, From $69K Bitcoin to Elon Musk’s ‘Dogecoin to the Moooonn’

📆 12/31/2021 4:22 PM
📰 CoinDesk

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Cryptocurrency markets this year had no shortage of drama, surprises, milestones, silliness and wild price swings.

Oosterbaan continued: “High-profile celebrities and Twitter accounts sowing FOMO are likely here to stay. The power of social media in the crypto market is testament to the general lack of regulation and maturity, and the inherent liquidity of 24/7, permissionless assets.”TradingView: Elon's Impact on Dogecoin Price

The bitcoin price broke above $50,000 in February after Tesla disclosed it had invested $1.5 billion into BTC. Once again, bitcoin turned lower – dropping back to its 50-day moving price average of around $30,000. Apparently, it was a level where buyers once again appeared to grow interested. published a day earlier by the Nasdaq. But even that lofty price level was well below some of the price targets issued recently by stock analysts, with some estimates ranging as high as $600 a share.

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