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Tecno
The cryptocurrency market: the ABCs of what you need to know
Virtual currencies have boomed in recent months and bitcoin has become legal in El Salvador
By
Jenifer Nava
07 Ene, 2025 08:42 a.m. EST
Cryptocurrencies are characterized by
Cryptocurrencies are characterized by using blockchain networks, not physically existing, and lacking regulation. (Getty Images)
Cryptocurrencies are an innovative digital asset that have seen monumental growth in recent times due to several contributing factors, including some governments giving them a chance as legal tender; however, they have also suffered setbacks that have called their viability into question, such as the most recent episode known as the "crypto winter."
Despite this situation, more and more people have started to acquire cryptocurrencies to be able to invest in something "safe" and "reliable" both in the short and long term, despite the extreme levels of instability that it constantly suffers.
However, investing or buying in cryptocurrencies is easier than it seems. It must be remembered that these are virtual currencies, so they will be controlled in wallets or purses that share this peculiarity, since unlike ordinary money, they are not a physical object.
The cost of cryptocurrencies
This is the current price of the most popular cryptocurrencies.
Bitcoin is trading at $101,323.25 today, which implies a change of 3.06% in the last few hours.
The second most popular digital currency on the market, Ethereum, has seen a movement of 0.54% in the last 24 hours, bringing its value to $3,653.83.
About Tether US, it is trading at 1 dollar, so in the last day it had a movement of 0.01%