The cryptocurrency market is a decentralized digital network where cryptocurrencies are bought and sold, with transactions added to a shared digital ledger called a blockchain. The total market capitalization of all cryptocurrencies is an indicator of the value of the entire cryptocurrency market. As of June 2023, there were more than 25,000 cryptocurrencies in the marketplace, with over 40 having a market capitalization exceeding $1 billion.
The cryptocurrency market moves according to supply and demand and is largely free from traditional economic and political concerns. However, factors such as speculation and technological limitations can influence value. Prices are also much more volatile than established financial assets. Bitcoin, created in 2009, remains the largest cryptocurrency by market capitalization
