One of the more complex corners of the technology industry businesses often refrain from touching is the cryptocurrency market. Built on a principle of a decentralised market, away from the prying eyes of central bodies or governments, and utilising blockchain technology to provide a clear and concise record of all transactions, cryptocurrencies have proved to be eminently investable.
Bitcoin has almost become synonymous with cryptocurrencies, and for good reason, after seeing its valuation grow to $48,000 in the wake of the pandemic. As has always been the case, however, its value plummeted again in what’s only the latest twist in a series of rises and falls. The crypto market, at the time, underwent something of an implosion given the raft of negative headlines and incidents revolving around fraud and bankruptcy.
