 January 14, 2021  The top stories in bitcoin, crypto and more – all in one place, delivered daily. Sponsored By:  By Daniel Kuhn If you were forwarded this newsletter and would like to receive it, sign up here.
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 Big year Bitcoin. DeFi. Ethereum 2.0. The biggest trends in crypto this year began to move the needle in the rest of the world. Multi-billion dollar funds bought bitcoin as an inflation hedge. Institutions began discussing the merits of decentralization. And the banking sector warmed to crypto.
CoinDesk’s 2020 Year in Review covers the major events, ideas and themes in crypto, and why they matter. The series is a comprehensive collection of op-eds, essays and interviews from some of the biggest names in crypto, published throughout the month.
Quick bites
 The list Who moved the needle on crypto this year? What were the projects that mattered? Who shattered the glass ceiling and broke the mold?
From DeFi to bitcoin's late year surge, 2020 was full of big stories, trends and personalities. We've unveiled CoinDesk’s 2020 Most Influential list, a selection of 12 people who helped push the industry forward this year. See who made the list.
At stake Sell-off With prices dropping by double-digit percentages across nearly all crypto assets, the total crypto market cap shed some $156.8 billion in the past 24 hours at press time, according to Messari data. This comes just five days after the crypto market table crossed the $1 trillion level for the first time.
There are some visible cues on the bitcoin blockchain that help piece together the story as it was unfolding. Crypto trader @lightcrypto pointed to one Coinbase sell order for 180 BTC (a multimillion-dollar sale) that preceded a $1,200 drop, CoinDesk’s Omkar Godbole wrote.
There’s the story of two commodities traders who cornered the onion market in the 1950s. That market manipulation caused prices to crater and led to the Onion Futures Act, which bars futures speculation on onions as well as "motion picture box office receipts.” During the run-up, many bitcoin bulls pointed to changing conditions indicating the sustainability of a rally to a high around $42,000. Institutional investors and corporations loaded up on the inflation hedge, contributing to the growing sense of bitcoin’s role as “digital gold.”
Many haven’t lost the faith. Though as Guggenheim Investments Chief Investment Officer Scott Minerd succinctly said: it might be “Time to take some money off the table.”
Who won #CryptoTwitter? 
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