The very first cryptocurrency, bitcoin (BTC), still has the largest market capitalisation in the crypto market as of 18 April 2023.
Bitcoin has moved beyond being a peer-to-peer version of electronic cash to becoming a store of value and a potential hedge against inflation.
In 2021, BTC’s value grew from $29,374.15 on 1 January to $46,306.45 on 31 December, managing to surpass the $60,000 mark twice, most notably when it reached its all-time high of $68,789.63 on 10 November that year.