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#BTCBelow80K Cryptocurrency, or crypto, is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments, cryptocurrencies operate on decentralized networks based on blockchain technology. Bitcoin, created in 2009, was the first and remains the most well-known cryptocurrency. Other popular cryptocurrencies include Ethereum, Binance Coin, and Solana. Cryptos enable fast, borderless transactions and are used for payments, investments, and decentralized finance (DeFi). They can be traded on exchanges and stored in digital wallets. While offering potential for high returns, cryptocurrencies are highly volatile and subject to regulatory scrutiny, making them a risky investment.
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