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Bitcoin & other Cryptocurrencies are Taking the Markets by Storm
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Cryptocurrencies are digital currencies that can be used as a medium of exchange. They are transferred independently of banks with the use of cryptography to ensure secure transactions. In 2009, Bitcoin became the first decentralized cryptocurrency and since then, various other cryptocurrencies have entered the market.
Recently, cryptocurrencies are being used more and more in mainstream transactions. Countries and industry leaders are endorsing the popular payment alternative. And like all assets, cryptocurrencies are prone to sell-off for profit and buy-in for investment leading to high volatility for CFD traders. Analysts expect this interest in cryptocurrencies to continue well into the future.
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