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SEC의 리플 XRP 소송이 공식적으로 취소되면서, 파월 연준 의장의 발언으로 인해 위험 선호 심리가 회복되었다... 상승하며 거래를 종료했습니다. 테슬라와 엔비디아, 그리고 아이온큐 리게티도 함께 상승하였습니다.
 


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 ニュ욕 증권시장에서 비트코인이 열광적인 반응을 보였습니다. “파월의 진술과 점도표에 의한 금리 인하 예상 두 번” 때문이죠… SEC가 리플의 XRP 소송을 공식적으로 취소했습니다.


 뉴욕 증권시장에서 비트코인에 큰 박수와 함께 기쁨의 함성이 들려왔습니다. 파월의 안정적인 발언과 연방기금 금리 인하 두 차례 예상이 시장을 활성화했죠. 또한 미국 증권거래위원회(SEC)가 리플(XRP) 관련 소송을 공식적으로 취소하면서 암호화폐 전체가 상승세를 보이고 있습니다. 특히 리플은 크게 치솟았으며, 테슬라, 엔비디아, 아이オン큐 그리고 리게티 등의 주요 회사들의 주가는 더욱 가파르게 오르며 호황기를 누리고 있습니다.


 20일 뉴욕증시에 따르면 제롬 파월 미 연방준비제도(Fed·연준) 의장은 "인플레이션이 우리의 조치 없이 빠르게 사라질 것으로 예상되는 일시적인 현상이라면 때론 그런 인플레이션을 간과하는 게 적절할 수 있다"라고 밝혔다. 파월 의장은 이날 연방공개시장위원회(FOMC)가 기준금리를 4.25∼4.50%로 동결한 뒤 연 기자회견에서 이처럼 말하고 "관세 인플레이션의 경우에도 그럴 수 있다"라고 말했다. 파월 의장은 이어 "이는 관세 인플레이션이 상당히 빠르게 지나갈 지에 달려 있다"며 " 장기 인플레이션 기대가 잘 고정돼 있는지에도 중요하게 좌우될 것"이라고 강조했다.


 파월 의장의 이러한 언급은 도날드 트럼프 미국 행정부의 관세 정책 영향이 신속히 사라진다면, 이를 통한 물가 상승도 일시적으로 끝날 수 있다는 견해를 나타낸 것이다.


 뉴욕 증권시장은 연방준비제도(Fed·연준)가 발표하는 3월 통화정책회의 성과를 분석하면서 모두 올라가는 것으로 종료되었다.


 연준은 이번 회의에서 기대했던 대로 '금리 동결'이라는 결론을 냈습니다만, 시장에서는 올해 안으로 두 번째 금리를 낮출 것으로 본다는 견해가 계속되면서 환영하는 분위기가 형성되었습니다. 제롬 파월 연준 의장도 최근 물가 상승 압력과 경제 성장 둔화 가능성에 대한 걱정을 크게 하지 않는다고 밝힌 것이 투자자들의 마음을 진정시켰습니다. 그의 말 이후에는 위험을 감수하고 주식 등을 사는 사람들의 마음이 살아나며 값싼 가격에 구매를 하는 움직임에도 활기를 불어넣었습니다.


 뉴욕증권거래소(NYSE)에서 거래가 종료될 때 우량 주식 지표로 알려진 다우존스 30 산업 평균 지수는 이전 세션에 비해 382.31 포인트(0.92%) 상승하여 41,963.62를 기록했습니다. 큰 규모의 회사들을 추적하는 S&P 500 지수는 같은 시기 전일대비 61.25포인트(1.09%) 증가한 5,675.91으로 움직였으며, 기술 중심의 나스닥 통합 지수 역시 247.60포인트(1.41%) 상승하며 17,751.71까지 올랐습니다.


 김대호 연구소장 tiger8280@g-enews.com

뉴욕 증시 들썩! 파월 발언과 점도표가 예고하는 비트코인 붐폭발 ("금리인 하 2번")

SEC의 리플 XRP 소송이 공식적으로 취소되면서, 파월 연준 의장의 발언으로 인해 위험 선호 심리가 회복되었다... 상승하며 거래를 종료했습니다. 테슬라와 엔비디아, 그리고 아이온큐 리게티도 함께 상승하였습니다. ニュ욕 증권시장...

<img data-document-id="cms/api/amp/image/BB1qix0A" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/BB1qix0A.jpg"/>

 Cryptocurrency is a form of digital money designed to function as an exchange medium. In the past ten years, cryptocurrency has gained significant popularity, particularly.
 Bitcoin
 turning into the most extensively monitored substitute for traditional money. Generally, cryptocurrencies are purely digital and lack a tangible format—the image displayed here represents merely an artist's depiction of what digital currency might look like.


 Many individuals are attracted to cryptocurrency primarily because it can operate independently of a central bank, thus addressing concerns related to privacy and illicit activities. Additionally, it draws interest due to its capacity to maintain value without being eroded by inflation caused by monetary policies aimed at printing more money. Furthermore, counterfeiting is extremely challenging with this digital currency thanks to the secure blockchain technology used for managing transactions.


 Cryptocurrencies have become increasingly popular in the investing sphere because of the substantial value increase experienced by certain digital coins since their inception. The year 2022 witnessed notable drops in cryptocurrencies when the Federal Reserve increased interest rates, with speculative assets being affected disproportionately. Bitcoin and
 Ethereum
 , two of the most popular currencies dropped by over 70 percent from their peak values in 2022, only to rebound in 2023 and surge dramatically in 2024.
 Bitcoin’s value first surpassed $100,000.
 .


 Below is an explanation of what cryptocurrency entails, how it functions, and the major risks associated with it.

<h2 id="how-cryptocurrency-works">
 How cryptocurrency works
</h2>

 Cryptocurrencies are generated, recorded, and maintained using a system known as a distributed ledger like
 blockchain
 In a distributed ledger, the flow of the digital currency is managed by computers within a decentralized network to maintain the accuracy of financial records and track the ownership of cryptocurrencies. Imagine this as an endlessly expanding record of every transaction in the system, which is continuously checked by anyone with access to view it.


 This distributed system is common among numerous cryptocurrencies, avoiding a central governing body. This characteristic contributes to the allure of currencies like Bitcoin — it removes government bodies and central banking institutions from the monetary framework, thereby minimizing their involvement and political manipulation.


 For this reason, certain cryptocurrencies have a capped supply of currency units. For instance, with Bitcoin, the framework is designed such that a maximum of 21 million bitcoins will ever be created.


 However, how precisely does cryptocurrency originate? A significant method is via a process known as
 mining
 , using an analogy from the era when money was backed by precious metals like gold or silver. In this scenario, powerful computers referred to as "miners" carry out complex computations and facilitate transaction confirmations on the ledger. As their reward for these efforts, they receive units of the cryptocurrency, or fractions thereof. This process demands substantial computational resources and frequently considerable amounts of electrical energy.


 Holders of the currency might keep it stored in a
 cryptocurrency wallet
 , a computer application that enables users to use or get the digital currency. For conducting transactions, individuals require a "key," which permits them to record entries in the shared ledger, documenting the movement of funds. Although this key might be linked to an individual, their identity isn’t directly connected with the transaction at hand.


 One reason why many people find cryptocurrency appealing is because it allows for relatively anonymous usage.


 There is essentially no cap on the number of cryptocurrencies that can be developed. This variety is truly remarkable, with countless new currencies emerging over recent years, particularly following Bitcoin’s rise to widespread recognition around 2017. Among these, some of the most well-known digital coins encompass
 Bitcoin, Dogecoin, Ethereum,
 Tether and XRP.

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 ’s AdvisorMatch
 Can assist you in reaching out to a Certified Financial Planner™ professional.
 
</div>
<h2 id="what-are-the-largest-cryptocurrencies">
 Top 10 Biggest Cryptocurrencies List
</h2>

 The scale of a cryptocurrency relies on two elements: the total number of coins in circulation and their respective prices. By multiplying these two values, one can determine the overall worth of the currency.
 market capitalization
 , or the combined worth of all these coins. Therefore, when experts discuss the biggest cryptocurrencies, they're talking about this overall valuation rather than the cost of a single coin.


 Below are the leading cryptocurrencies:
 And their estimated market capitalization, based on data from CoinMarketCap, around mid-February 2025. Keep in mind that due to the unpredictable nature of cryptocurrencies, these figures might change significantly over very brief intervals.

<ol>
 <li>
 Bitcoin – $1.9 trillion
 </li>
 <li>
 Ethereum  – $330 billion
 </li>
 <li>
 XRP – $159 billion
 </li>
 <li>
 Tether – $142 billion
 </li>
 <li>
 Solana – $98 billion
 </li>
 <li>
 BNB – $94 billion
 </li>
 <li>
 USDC – $56 billion
 </li>
 <li>
 Dogecoin – $40 billion
 </li>
 <li>
 Cardano – $28 billion
 </li>
 <li>
 TRON –  $20 billion
 </li>
</ol>
<h2 id="what-is-cryptocurrency-used-for">
 What purposes does cryptocurrency serve?
</h2>

 Cryptocurrencies serve numerous purposes, yet their specific use hinges upon their intended design. Although people often associate cryptocurrencies with financial transactions, they're better understood as digital assets granting access to certain activities—much like tokens in an amusement center where purchasing these tokens lets you participate in various games.


 Bitcoin aims to facilitate monetary transactions, thereby allowing it to operate as a form of currency. However, even though it has this capability, only a small number of merchants truly accept it as such, and surprisingly, it operates at a slower pace than many other payment systems.


 Similarly, the cryptocurrency
 Ethereum
 permits users to develop "smart contracts," which are agreements that automatically execute when their conditions are fulfilled. The crypto token known as the Internet Computer enables individuals to build applications, websites, and various online services. These digital assets differ from traditional cryptocurrencies.
 Dogecoin
 , which was designed essentially to mock the absurdity surrounding Bitcoin.


 Although these digital currencies might possess genuine practical applications (or they might not), their primary function often lies in speculative activities. Traders oscillate the values of these tokens up and down, aiming to capitalize on profits from participants engaged in buying and selling these assets.


 Even though the coins might allow a user to execute a specific function, numerous purchasers are solely focused on reselling them for financial gain. To many people, this is actually the primary purpose of cryptocurrencies.

<h3>
 
 Is it possible to exchange cryptocurrency for cash?
 
</h3>

 Cryptocurrencies can be readily exchanged for standard currencies like dollars or euros. If you hold the currency itself,
 You can swap it through an exchange for fiat money.
 Or into another form of digital currency. Usually, you'll incur a substantial charge for both incoming and outgoing transfers, though.


 However, you might also possess cryptocurrency via a payment platform like PayPal.
 CashApp
 , and you might effortlessly exchange it for cash. Additionally, you could potentially utilize a
 Bitcoin ATM
 to access dollars.


 Individuals holding cryptocurrencies through Bitcoin futures have the ability to easily liquidate their holdings whenever the markets are operational, although it would be wise to conduct thorough research first.
 the top brokers for cryptocurrencies
 if you’re trading regularly.


 However, if you require immediate access to your funds, you must accept the price the market provides at that moment, which could be significantly lower than what you originally invested. Cryptocurrency volatility surpasses that of other high-risk investments. Additionally, significant transaction fees are typically associated with entering and exiting these markets.
 you will encounter tax consequences as a result of this action
 .

<h2 id="what-are-the-risks-of-crypto">
 Biggest risks of cryptocurrency
</h2>

 Even though supporters present compelling narratives regarding cryptocurrencies like Bitcoin, these digital assets come with significant risks when structured this way today. This does not imply that one cannot profit from reselling them for more than their purchase cost. Nevertheless, several disadvantages render Bitcoin and similar currencies nearly ineffective as proper monetary systems or mediums of trade.


 Bitcoin and other cryptocurrencies face genuine critics, among them some of the globe's leading investors like the multibillionaire Warren Buffett.
 Buffett has referred to Bitcoin as "likely rat poison squared."
 while his long-time business partner Charlie Munger has stated that cryptocurrency trading is 'simply madness.'
 Buffett said
 In 2022, he stated that he wouldn't purchase all the Bitcoin in existence for $25 because, unlike stocks, real estate, and farmland, it does not generate any value for its holders.


 Several major hazards associated with cryptocurrencies encompass the subsequent problems.

<h3>
 
 Extracting the currency is costly and environmentally damaging.
 
</h3>

 A major drawback of cryptocurrencies is that they are "mined" using computer systems. This mining process incurs costs since it demands considerable energy consumption to generate coins. Miners invest in and cover these energy expenses for their equipment, but this activity simultaneously leads to notable environmental contamination and waste production.


 If Bitcoin were a country, it would consume more energy than Poland (with a population of 36.8 million) by the end of 2024, based on data from the Cambridge Bitcoin Electricity Consumption Index. Regarding greenhouse gas emissions, it would rank 61st globally.


 This extensive usage has sparked criticism from individuals who view cryptocurrencies as an unnecessary drain on energy resources during a critical environmental crisis.

<h3>
 
 The supply of certain cryptocurrencies is set to be limited.
 
</h3>

 Supporters of Bitcoin highlight the limited supply of coins as advantageous, arguing that this ensures the currency won’t lose value due to actions from central banks. Nevertheless, by capping the overall quantity of the currency, cryptocurrencies could operate similarly to the gold standard, which might subject economies to severe deflationary pressures if widely adopted.


 During economic booms, when funds circulate abundantly without issues surfacing, everything seems fine. However, during difficult periods, both individuals and companies tend to save cash as protection from volatility and potential unemployment. This act of saving can hinder the circulation of currency within the economy, possibly triggering a harmful cycle of decreasing prices known as deflation. In extreme cases, people refrain from making purchases under the assumption that items will cost less later on, which could push the economy towards collapse.


 This issue is precisely why contemporary nations have shifted from the gold standard to fiat currency. Unshackled from the gold standard,
 Central banks can boost the circulation of money within the economy during difficult periods.
 even if individuals and companies stockpile it, causing the economy to avoid grinding to a halt.

<h3>
 
 An unstable currency is impractical.
 
</h3>

 The restricted supply of coins, along with speculative frenzy and an engaging narrative, has led to significant fluctuations in the prices of Bitcoin and other cryptocurrencies. This volatility might not pose an issue for traders, yet it renders these digital assets impractical as everyday money. For a medium of exchange to hold value, people must trust that it will maintain its purchasing power over time.


 Picture visiting an eatery where your dish could cost you $10 today yet bump up to $20 tomorrow. It would naturally make sense to limit spending to those cheaper days; however, this approach doesn't work well at scale for entire economic systems. Economies require a consistent means of exchange to ensure stability, allowing people to swap goods with clear knowledge of their worth.


 To the degree that Bitcoin and other cryptos benefit traders—by being volatile—they become unsuitable as currencies.

<h3>
 
 Rules and entry to cryptocurrency may differ.
 
</h3>

 Government rules can impact cryptocurrencies, potentially damaging the future of certain digital coins, although they might also support these currencies based on how extensive the regulations turn out to be.


 Government regulations have the potential to severely undermine the effectiveness of cryptocurrencies, particularly if they include complete or near-total prohibitions. Such a ban, as seen with China’s approach, can render a cryptocurrency practically worthless within that nation’s borders. This might also expose individuals to legal penalties, contingent upon local legislation.


 Recently, the possibility of Donald Trump's re-election has arisen, along with the prospects of
 pro-crypto administration
 has caused crypto prices to soar, pushing Bitcoin to a recent all-time high of nearly $110,000.


 Even with backing from the Trump administration,
 crypto regulation varies
 Across various government bodies and from one state to another, classification and definition of cryptocurrencies differ significantly. The Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Internal Revenue Service each adopt distinct approaches when categorizing digital currencies.


 Certain states, including New York, impose strict regulations on cryptocurrency firms. In contrast, other states like Wyoming are more welcoming towards cryptocurrencies and are even developing their specific frameworks.
 stablecoin
 while aiming to lure cryptocurrency-related enterprises.


 Despite their differences, governmental regulations might contribute to establishing a fairer environment that is less prone to deception and misconduct. In such an arrangement, stakeholders within the marketplace could potentially cultivate increased confidence in the framework and possess well-defined legal avenues should anything untoward occur. This type of oversight aids in curbing the chaotic aspect of cryptocurrencies, rendering them safer for individuals aiming to utilize them with integrity.

<h3>
 Other drawbacks
</h3>

 Cryptocurrencies also come with several disadvantages, such as inadequate protection for digital wallets used to store funds, their involvement in illegal activities, and slower transaction speeds when contrasted with the swift processing times offered by conventional systems like those of Visa and MasterCard.


 Furthermore, since the IRS has classified Bitcoin as an asset rather than a currency, each Bitcoin transaction carries the possibility of
 generate a reportable capital gain
 This means you have to include it in your tax return. If you use bitcoins valued higher than what you originally bought them for, you will be liable for taxes.

<h2>
 
 Bottom line
 
</h2>

 Although cryptocurrency does offer certain advantages, it comes with significant downsides that currently prevent it from being used effectively as a currency. Given its unpredictability and multiple risks, investors should likely adopt a careful strategy when dealing with cryptocurrencies. Should you wish to experiment with them simply to understand their workings, limit your investment amount and only use funds you wouldn't mind losing.


 
 — Note: ’s
 
 
 Brian Baker
 
 
 and
 
 Logan Jacoby
 
 
 
 were involved in updating this tale.

Cryptocurrency Explained: Understanding the Future of Finance

Cryptocurrency is a form of digital money designed to function as an exchange medium. In the past ten years, cryptocurrency has gained si...

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Pakistan Crypto Council to Host Key Meeting on Digital Currency Regulations June 2

뉴욕 증시 들썩! 파월 발언과 점도표가 예고하는 비트코인 붐폭발 ("금리인 하 2번")

Cryptocurrency Explained: Understanding the Future of Finance

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