Bitcoin (BTC), the leading cryptocurrency by market capitalization, broke its record high market value in 2021 and slightly exceeded $ 69,000 on November 10, up 71.8% year-on-year. Bitcoin has risen 56.6 percent, counting from the local lows of just under $ 30,000 on July 21st.If Bitcoin It will stay at this level until the end of the year and will be fourth in 2021. Worst year For Bitcoin after 2011.
Ethereum (ETH) increased by 456%
Although a rather mediocre year for Bitcoin, Ethereum (ETH), the second largest cryptocurrency by market capitalization, surged in 2021 and rose 456% annually. Ethereum Steady growth was seen throughout the year, reaching the first peak of $ 4182 on May 12th and the second highest ever peak of $ 4878 on November 10th.This makes 2021 the second best Year In the five-year history of Ethereum.
Both major cryptocurrencies surpassed both the stock market and gold in 2021. Over the same period, the Nasdaq and S & P 500 indexes showed positive annual returns of 26.54% and 25.82%, respectively.
#Bitcoin When # Ethereum In 2021, it broke the previous ath, rising 71.8% and 456%, respectively.
During the same period, Nasdaq and S & P500 generated positive annual revenues of 26.54% and 25.82%.
Moreover, $ BTC Significantly higher #gold, ROI was -5.26% pic.twitter.com/1rr6TM2Yp2
— IntoTheBlock (@intotheblock) December 26, 2021
Interestingly, Bitcoin significantly outperformed the physical yellow metal market in 2021 as Bitcoin proponents often characterize the currency as digital gold.
Digital vs Physical Gold
Gold market performance is slowing Rejected Since mid-2020, it has risen slightly above $ 2070 per ounce in mid-July 2020 to $ 1812 per ounce, down 12.5% from its peak. Going back further, gold has been strong, up 59.7% over the last five years. In 10 years, the market value of gold has increased by 12.5%.
By comparison, Bitcoin on December 23, 2016 was $ 891. At the time of writing this article, the market price of Bitcoin is $ 50,852, a 57-fold or 57,000 percent increase.
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