We have come to the last day of 2021, which saw tremendous increases and growth for Bitcoin and the cryptocurrency market.
2021 has been a very active year for the cryptocurrency market. There have been a number of notable events, from the country of El Salvador accepting Bitcoin as its legal currency, to China’s Bitcoin bans, from launching the first Bitcoin Futures ETF in the US to the EIP-1559 update on Ethereum.
In addition to these events, as a natural result of the growth in the crypto money market, there has been a great increase in the number of cryptocurrencies.
While the number of cryptocurrencies was 8,153 on January 1, 2021, the number of cryptocurrencies reached 16,223 on December 31, 2021, according to data from CoinMarketCap.
According to these data, it was seen that 8,070 cryptocurrencies were added in a year and there was an increase of 98.98% in the number of cryptocurrencies.
In particular, more than 3,000 cryptocurrencies have been added to the market in the short span of two months since the number of cryptocurrencies exceeded 13,000 on October 25.
According to data from CoinMarketCap, he stated that as of October 20, 2021, the top 3 cryptocurrencies out of 12,917 cryptocurrencies in the market control approximately 70% of the entire crypto money market.
With the increase in the number of cryptocurrencies, countries have started to adopt crypto assets gradually and take some steps in this regard. In this regard, a recent report found that around 20,000 new Bitcoin ATMs were installed in 2021.
According to CoinMarketCap data, the global cryptocurrency market cap reached $2.26 trillion, up 2.48% from yesterday.
*Not investment advice.