Day trading of cryptocurrencies involves buying and selling cryptocurrencies within a single day to take advantage of price fluctuations. Traders use various factors such as technical analysis, market news, and price volatility to make quick decisions and capitalize on small price changes.

For example, a trader might buy Bitcoin at a price of $60,000 and sell it at a price of $62,000 on the same day, achieving a profit of 3.33%. This method of making money with cryptocurrencies contrasts with long-term investing, where assets are held for months or years.