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Since 2015, Bitcoin has a daily high-low range of over 5 per cent (as a percentage of average daily price).
Cryptocurrencies as an asset class gained through the pandemic. The two most popular cryptos (by trading volume, and also market-cap) are Bitcoin and Ethereum. Since January, Bitcoin has risen about 141 per cent, while Ethereum is up over 250 per cent. Both are at three-year highs.
Cryptos are speculative stores of value. Coins are unique codes, not fiat currency backed by central banks. A coin can be broken up into fractions, each fraction defined by its unique code. Every crypto transaction is verified by a peer-process of blockchain matching, to see if a given coin is valid, if it is
First Published: Nov 20 2020 | 9:37 AM IST