What are cryptocurrencies and why are they needed? Cryptocurrencies are digital money that is not printed in the form of banknotes and is not controlled by banks or governments. Instead, they operate on the basis of blockchain technology — it's like a large internet ledger where all transactions are recorded and cannot be forged.
The most well-known cryptocurrency is Bitcoin. But there are others: Ethereum, Solana, BNB, XRP, and hundreds more. Why do people need cryptocurrency? Here are a few reasons why cryptocurrencies are becoming popular:
Freedom — no bank or intermediary is needed. Money is under the control of the owner.
Fast transfers — money can be sent in seconds to any point in the world.
Investments — many buy cryptocurrency in the hope that it will increase in value.
Protection from inflation — in countries with unstable economies, crypto can be a "safe haven." What does the future hold for cryptocurrencies? Analysts expect that cryptocurrency will become part of everyday life:
Digital currencies from central banks (CBDC) will start to coexist with decentralized ones.
As of early June 2025, Bitcoin is trading in the range of $104,000–$106,000, showing signs of consolidation after reaching an all-time high in May. Despite a short-term correction, fundamental factors remain positive, supporting a bullish sentiment in the market. Current Dynamics and Analysis After rising to a record $191,970 in May, Bitcoin corrected below $106,000. Technical indicators suggest a possible decline to support levels at $101,700 and $99,000. Should selling pressure increase, the price may test the $97,000 area. Analysts also believe that the current correction is a healthy pullback within the upward trend, rather than a reversal. Institutional Interest and Macroeconomic Factors Institutional investors continue to build positions in Bitcoin. Companies such as Strategy, Metaplanet, and Semler Scientific have acquired over 8,800 BTC, confirming Bitcoin's status as a safe-haven asset. Furthermore, significant inflows into Bitcoin ETFs and minimal selling pressure maintain a positive sentiment in the Bitcoin market. Amid geopolitical tensions and trade bonds between the USA and China, cryptocurrencies...