Bitcoin and Ethereum See Sharpest Early-Year Drop in Ten Years

Fortune reports both cryptocurrencies have fallen about 25% since January 1, with Bitcoin near $67,000 and Ethereum below $2,000.

BTC
ETH

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Bitcoin (BTC): The first decentralized cryptocurrency, operating on a peer-to-peer network without a central authority.
  • Ethereum (ETH): A blockchain platform supporting smart contracts and decentralized applications, with its native cryptocurrency called Ether.
  • Smart contract: Self-executing blockchain code that automatically enforces the terms of an agreement.