$BTC The cryptocurrency market refers to a global trading platform where cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and thousands of others are bought, sold, and traded. It operates 24/7, unlike traditional stock markets.
Key Points:
Volatile: Prices can change rapidly due to speculation, news, and market sentiment.
Decentralized: Most cryptocurrencies operate on blockchain networks without central control.
Major Players: Bitcoin, Ethereum, Binance Coin, Solana, and stablecoins like USDT and USDC.
Uses: Payments, decentralized finance (DeFi), NFTs, and smart contracts.
Risks: High price fluctuations, fraud, regulatory uncertainty.