Crypto Market Basics

The essentials of crypto—explained simply so you can navigate with confidence.

Core concepts

• Blockchain: A shared ledger secured by cryptography and consensus.
• Tokens: Native coins (BTC, ETH) and application tokens.
• Wallets: Manage keys for custody and transactions.

Market structure

• Exchanges: Centralized and decentralized venues for trading.
• Liquidity: Volume, depth, and stablecoins drive execution quality.

Cycles and signals

• Dominance: BTC/ETH market share rotations.
• Risk: Volatility and position sizing matter more than predictions.