Cryptocurrency, or crypto for short, is a digital asset that can be used as a medium of exchange. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.
Cryptocurrencies get their value from a variety of sources. The most important factor is supply and demand. When there is high demand for a particular cryptocurrency, the price will go up. For example, Bitcoin's price has risen sharply in recent months due to increasing interest from investors and businesses. Other factors that can affect cryptocurrency prices include news events, regulations, and technological advances.