Bitcoin's backlash came after the Federal Reserve signaled rate hikes may accelerate in 2022.
In other cryptocurrency news, the final week of 2021 saw a third straight week of investment outflows from cryptocurrency funds, even as it capped a year of strong inflows into digital asset investment products, data from digital currency manager CoinShares showed.
Outflows from the sector totaled $32 million last week, bringing the total over the last three weeks to $260 million, according to CoinShares and reported by Reuters.Ether's inflows doubled to $1.3 billion in 2021 from $920 million in 2020. Bitcoin saw a 16% increase to $6.3 billion.
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