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From $30k to $69k and back under $50k: Tracing Bitcoin’s rollercoaster ride this year
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cnbctv18.com2021 has been an eventful year for Bitcoin. After starting off at under $30,000, the world's most popular cryptocurrency more than doubled by April and went on to hit record highs of nearly $69,000 in November before plunging to under $50,000 within the next month.
From being adopted as a legal tender in El Salvador to facing a crackdown in China, and from being promoted as a hedge against inflation to the impending threat of regulatory restrictions or even a ban in some other countries, here are some of the key events that drove Bitcoin prices in 2021. • Tesla announced a $1.5 billion Bitcoin purchase:On February 8, electric car maker Tesla said it acquired $1.5 billion worth of Bitcoins and that the carmaker would soon begin accepting
. Read more on cnbctv18.comAbout this in other media
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