From bitcoin striking $1 trillion in market price to Elon
Musk’s dogecoin tweets: 12 essential crypto moments from
2021
It’s been a record year for the cryptocurrency market, which briefly exceeded $3 trillion in value in
November. Bitcoin, the largest cryptocurrency by market price, as well as ether, the second-largest,
hit all-time highs, while altcoins, like meme-inspired dogecoin, rose in appeal.
Other digital assets, like nonfungible symbols, or NFTs, sold for millions of dollars alongside art in
major public auction homes like Sotheby’s and Christie’s. In addition to art, NFTs representing
in-game properties and electronic land soared in value too.
Blockchain-based applications, consisting of decentralized finance, or DeFi, gathered interest from
both retail and also institutional capitalists, pushing the development of Web3, which is the
decentralized version of the net based upon blockchain modern technology that powers NFTs and
underpins cryptocurrencies.
All of this helped push cryptocurrency into the mainstream in 2021.
Though there were plenty of defining minutes this year, below are 12 highlights.
