Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on technology called blockchain, a decentralized ledger that records all transactions across a network of computers. This technology ensures transparency and prevents fraud, making cryptocurrencies resistant to censorship and manipulation. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are typically not regulated by any central authority, which can lead to increased volatility in their value. Bitcoin, created in 2009, is the first and most well-known cryptocurrency, but thousands of alternatives, such as Ethereum, Litecoin, and Ripple, exist, each with unique features and use cases. Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and facilitating secure online transactions without intermediaries. Overall, cryptocurrencies represent a significant innovation in the field of finance and technology, offering new possibilities for digital transactions and financial services.
**Market Trends for January 10-16: Bitcoin’s Resilience Amidst Change** The cryptocurrency landscape saw significant fluctuations leading up to the inauguration of President Trump, with Bitcoin demonstrating unexpected stability. After initial…