Cryptocurrencies
Bitcoin Ends Its Bang of a 2021 With a December Whimper
- Coin is down 19% in month, its worst end of year since 2013
- But current fall not as drastic as average drawdowns: Bespoke
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Bitcoin ended a banner year with a rocky finish.
The largest cryptocurrency by market value closed out December with a 19% drop, its largest monthly loss since May. That was also its worst December since 2013. And its 60% advance in 2021 marked its smallest gain for an up year since 2015, when it climbed 36%. On Friday, the coin fell as much as 3.5% before rebounding somewhat to trade at about $46,300 as of 5 p.m. in New York.