For starters, here is the basic definition that is cryptocurrency is nothing but a virtual coin which has some value like physical currencies and because of it's safe feature of virtuality numerous people started to use it.
Reason for its new peak:
After the launch of the very first cryptocurrency in the market, it's usage begin to grow widely and it also started to step foot in numerous industries. Moreover, now the reach of it's new peak reason is,
Fraud reduction
Speedy transaction
Global transaction
Less transaction fees
Crypto Wallets are well protected by private key
And much more
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