Bitcoin ended a banner year with a rocky finish.
The largest cryptocurrency by market value closed out December with a 19% drop, its largest monthly loss since May. That was also its worst December since 2013. And its 60% advance in 2021 marked its smallest gain for an up year since 2015, when it climbed 36%. On Friday, the coin fell as much as 3.5% before rebounding somewhat to trade at about $46,300 as of 5 p.m. in New York.
That Bitcoin had a breakout year, though, is now settled debate after the token and the wider crypto world spent 2021 pushing further into the mainstream and capturing more attention from finance professionals and the public at large. Those watching Bitcoin’s daily gyrations say all of it is par for the course -- the
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