In today's era, cryptocurrency is not just a digital currency, but it has become a financial revolution. If you want to understand today's crypto market and how it works, then this article is for you.
āCryptocurrency: What is Digital Money?
āCryptocurrency is a digital or virtual currency created using cryptography for security. Its biggest feature is that it is decentralized, meaning no government or bank in the world controls it.
ā1. Blockchain Technology
āAll crypto transactions run on the blockchain. It is a type of digital ledger that is created across computers worldwide. This makes tampering with it impossible.
ā2. Bitcoin and Altcoins
āBitcoin
$BTC (BTC): It is referred to as "Digital Gold" and is the world's first cryptocurrency.
āAltcoins: All other coins apart from Bitcoin, such as Ethereum (ETH), Solana
$SOL #USCryptoStakingTaxReview #FedRateCut25bps #CPIWatch (SOL), and Cardano (ADA) are called altcoins.
āToday's Crypto Market: What's Happening?
āBy 2025, the crypto market has matured significantly. Now, not only are individuals investing, but large companies and countries have started to adopt it.
āVolatility: In crypto, prices can rise rapidly as well as fall. Therefore, there is always a risk involved.
āRegulations: Many countries, including India, are now imposing new laws and taxes (like 30% tax) to ensure that investors remain safe.
āFuture Trends: With the advent of Web3 and NFTs, the use of crypto is also increasing in gaming and internet browsing.
āImportant Points Before Investing
āIf you want to start in crypto, keep these points in mind:
āResearch: Invest not just based on someone's recommendation, but by understanding the coin's use case.
āOnly Invest What You Can Afford to Lose: Because the market is highly volatile.
āSecure Wallets: Always keep your crypto in trustworthy exchanges or hardware wallets.
ā