Babel Finance 2021–2022 Crypto Asset Market Review and Outlook

The COVID-19 pandemic continued to wreak havoc around the world, threatening people’s lives and livelihoods in 2021. However, with unprecedented monetary stimulus from central banks around the world, the cryptocurrency market ushered in peak development last year. The total market value of cryptocurrencies grew significantly, from US$760 billion equivalent at the beginning of 2021 to US$2.8 trillion in December, while the market value of Bitcoin finally settled at US$874 billion after soaring to US$1.3 trillion in November.

Star fund managers, Wall Street stalwarts, and retail investors flocked into the crypto market. El Salvador became the first country to adopt bitcoin as legal tender, and highly anticipated bitcoin futures ETFs also launched.

Simultaneously, 2021 was also the year when NFTs, GameFi, and Web 3.0 started gaining popularity. Innovations based on blockchain technology and the cryptocurrency economy started to reshape the worlds of the internet, art, and games, attracting more eyes to this up-and-coming space.

We will be looking into stand-out moments in the 2021 crypto market, and sharing our expectations for the year ahead. We sincerely hope that the new year will be fruitful for all our valued customers and partners.

Get the full review here.