The Crypto Market Is a Hot Mess. Here’s What Investors Should Know About How Cryptocurrency Actually Works

Cryptocurrency is a form of digital currency that in theory can be used to purchase goods and services. Bitcoin’s all-time high price was about $69,000 in November 2021, though a steep drop in 2022 has taken it down to around $20,000. Many experts say bitcoin is more likely to maintain its value because there's a cap to how many bitcoins can exist. It's possible to use bitcoin and other cryptocurrencies to buy other cryptocurrencies but experts say it doesn’t make sense for most people in the real world. The value of a cryptocurrency depends on several different factors, such as demand and supply of the coins and how they are used by more people, so they have a higher perceived value. When considering which cryptocurrencies to invest in Source