2025 Mar 15, 10:49
This week's update provides updates on the largest cryptocurrencies, including bitcoin and ether. XRP is also included, as it was once one of the largest cryptocurrencies. According to Wikipedia, cryptocurrencies are digital assets that use cryptography for secure transactions and asset transfer. While cryptocurrencies are known for their price volatility, there are ETFs available to help mitigate risk for investors interested in crypto exposure
Experts at VettaFi's Alternatives Symposium in November 2024 expressed a positive outlook for the future of crypto. Bitcoin, the first cryptocurrency and decentralized digital currency, started in 2009 and has grown globally since then. Ether, running on the Ethereum blockchain platform, is the second-largest cryptocurrency and was launched in July 2015. XRP, owned by Ripple and launched in 2012, was once a significant player in the market until new coins emerged. It is included here for reference. The third-largest cryptocurrency in terms of market share is tether
It is a token that is "backed by actual assets," including the US dollar, the euro, or loans to affiliate companies. Tether is controlled by the owners of Bitfinex and is considered controversial due to allegations of price manipulation. It is called a "stable coin" as its value is intended to always be worth $1.00. We do not provide a chart for tether as its price rarely changes. For a more in-depth understanding of crypto market cycles, you can read more here.