Bitcoin officially launched in 2009, and now, 14 years later, over 15,000 digital coins make up the cryptocurrency market, according to crypto.com.
Although the industry was once valued at around $3 trillion, the crypto market lost a little over $2 trillion in value in 2022 in what has been dubbed "crypto winter."
Last year, a string of high-profile crypto companies filed for bankruptcy, and FTX, a crypto exchange platform that was once valued at $32 billion, collapsed.
As of April 25, its price hovered around $28,000, far below the $68,000 it reached at its peak in November 2021.
Test your knowledge with CNBC Make It's Crypto 101 quiz.