A market commonly refers to a commercial dealing space, where the majority of the trades are conducted. This is where sellers and buyers come together. For cryptocurrencies, it includes buying and selling digital assets.
It is only through understanding the market sentiment that we can properly evaluate a given asset. With more buyers and sellers actively participating, it is termed a liquid market. The price of any given asset is set by supply and demand.
The forex market is considered one of the most liquid markets worldwide. Over the years, the crypto market has caught up with volatility as well. Bitcoin, the biggest crypto market mover has been subjected to volatility many times in the past.