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The entire responsibility for the contents rests with the authors. Monero XMR , a privacy-focused cryptocurrency that allows for anonymous transactions. YFI, the utility token of the DeFi lending platform yearn. These cryptocurrencies and more can be traded quickly and conveniently using OKEx.

What is Bitcoin? Bitcoin is a decentralized, globally distributed blockchain network that powers the borderless cryptocurrency BTC. As the largest cryptocurrency by market capitalization, BTC sits at the top of any cryptocurrency list. Bitcoin relies on a global network of computers, called nodes — all of which work together to process and verify transactions and add them to its blockchain.

Because it is the top cryptocurrency, Bitcoin price changes often influence the movement of cryptocurrency prices in general. What is an altcoin? An altcoin is an "alternative coin. This nickname came about because BTC was the first on the cryptocurrency list, and therefore, everything else is an alternative to it.

Altcoins can be bought and sold using OKEx's convenient web and mobile platforms. What is market capitalization? The typical top cryptocurrency list sorts its entries not by cryptocurrency prices but by market capitalization. The market cap of a given cryptocurrency represents the total value of all of the coins in existence and is calculated by multiplying the number of coins in circulation by the trading price of one coin or token.

Market capitalization is often used as a metric to measure and compare the popularity and dominance of a cryptocurrency within the broader market. What determines Bitcoin price changes? Because BTC is a completely decentralized digital currency built on top of a globally distributed network of computers, there is no one institution that controls its price. Rather, the cryptocurrency Bitcoin's price movements depend on a variety of market dynamics — including supply and demand, the costs miners incur when adding blocks to the Bitcoin blockchain, the strength of fiat currencies, and more.

What does a cryptocurrency exchange do? A cryptocurrency exchange is a platform that facilitates the buying, selling and trading of cryptocurrencies. An exchange like OKEx provides an easy-to-access platform to closely monitor cryptocurrency price changes, offering you the opportunity to buy and sell digital assets from the available cryptocurrency list. OKEx also makes it easy to keep track of a specific cryptocurrency — Bitcoin price movements, for example — through customized alerts on changes to anything you include on your personal cryptocurrency list.

Check the latest cryptocurrency prices with the OKEx app See cryptocurrency prices on the go, wherever you are. Related Links Below you will find links on OKEx that may help you to understand cryptocurrency better.

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