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Institutional tax-loss harvesting weighs on the Bitcoin price as 2021 comes to a close
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2021 has been a breakout year for the cryptocurrency market as a whole despite the year-end struggles that have kept the price of Bitcoin (BTC) pinned below $48,000, much to the chagrin of the cadre of folks who had been calling for a $100,000 BTC moonshot.
Data from Cointelegraph Markets Pro and TradingView shows that the past 24 hours have been a rollercoaster ride for the top cryptocurrency after a brief dip below $46,000 in the early trading hours on Dec. 30 was quickly bought up to push the BTC price back above $47,500 by midday.
Here’s a look at what several analysts in the market are saying about the year-end price action for Bitcoin and what to expect in 2022 as the mass adoption of blockchain technology and cryptocurrencies
Read more on cointelegraph.comAbout this in other media
Bitcoin price bounces to $41.5K, but derivatives data shows traders lack confidence cointelegraph.com /2 years ago
Bitcoin price falls to lowest since September, down 40% from record high livemint.com /2 years ago
Bitcoin price bounces off $42K as order book imbalance turns 'crazy' cointelegraph.com /2 years ago
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