Definition ∞ Cryptocurrency markets are decentralized digital marketplaces where participants buy, sell, and trade various digital assets like Bitcoin and Ethereum. Unlike traditional financial markets, these operate continuously, 24 hours a day, seven days a week, globally. Prices are determined by supply and demand dynamics, often exhibiting high volatility due to rapid shifts in sentiment and news. These markets facilitate the exchange of value without reliance on central authorities.
Context ∞ The current landscape of cryptocurrency markets is characterized by evolving regulatory scrutiny and increasing institutional participation. Discussions frequently address market manipulation concerns, the impact of macroeconomic factors, and the ongoing development of new trading instruments. A critical future development involves the establishment of comprehensive regulatory frameworks that provide clarity and stability for market participants. This progression is expected to foster greater mainstream adoption and reduce speculative volatility over time.