The cryptocurrency market is a decentralized digital ecosystem where virtual assets are traded using cryptography to ensure transaction security. Unlike traditional financial markets, it operates around the clock and is not controlled by central banks or governments. Bitcoin, as the first and most famous cryptocurrency, set the tone for the entire industry, spawning thousands of altcoins with various functional features and technological solutions the crypto community.
Volatility is a key characteristic of this market. Cryptocurrency prices can fluctuate dramatically over a short period of time, which creates both profit opportunities and significant risks for investors. This volatility is driven by a variety of factors, including speculation, regulatory changes, technological updates, and market sentiment.