COC#8: Bitcoin’s 2021 Review Using On-Chain And Price Related Data

COC#8: Bitcoin’s 2021 Review Using On-Chain And Price Related Data

A look back at 2021’s most important events and on-chain trends for bitcoin’s price action, as well as a brief look forward into 2022.Cycling On-Chain is a monthly column that uses on-chain and price-related data to better understand recent bitcoin market movements. This eighth edition provides a year in review for 2021 and then assesses what current trends look like going into 2022.A Year Of Modest GrowthThe bitcoin price opened the year at $27,346 (on Kraken) and actually never looked back. Hopes were very high, which was largely driven by the institutional fear of missing out (FOMO)....


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