Cryptocurrency bonanza in 2021, all thanks to these heavyweight events

4, Coinbase IPO

Coinbase (NASDAQ:COIN.US) went public on NASDAQ on April 14 of this year, a landmark time for the market that increased the legitimacy and recognition of bitcoin while also sending the price of bitcoin higher. coinbase's market cap once soared to $112 billion, but then fell back in volatility.

It's going to be a big year ahead for cryptocurrency exchanges. Coinbase has been struggling to work with U.S. regulators, occasionally railing against what it sees as unfair treatment; the largest Coin On exchange appears to be working toward a new geographic and regulatory structure; and FTX and other exchanges are looking for visible expansion. Can they cope with the growing attention of regulators?

5. Musk

On May 9, Musk called dogcoin a scam on a U.S. show, triggering a big drop in dogcoin. The fact that Musk often makes cryptocurrency prices fluctuate dramatically with his one or two words shows that cryptocurrency is still not a robust asset class. Next year, will Musk still be able to influence the direction of cryptocurrencies as easily as he did this year?