Cryptocurrencies like Bitcoin and Ethereum are increasingly being favored by investors in spite of their volatility. Cryptocurrency is an internet-based digital currency that is not under the control of any central authority and uses blockchain technology for decentralized, transparent transactions. According to a Facts and Factors market research report from April, the global cryptocurrency market is expected to be worth more than $5,190.62 million by 2026. The market was worth $792.53 in 2019, indicating that the cryptocurrency market is expected to grow at a compounded annual growth rate (CAGR) of 30% between 2019 to 2026.
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