Bitcoin crosses $100k: What are some crypto dangers you should be aware of?

Social media was aflame with euphoria and glee on December 5 as Bitcoin crossed $100,000 for the very first time, buoyed by investors' hopes in a pro-crypto Trump administration.

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As Bitcoin’s value spiked, other cryptocurrencies and tokens followed suit. During that week, Ripple's XRP surged by almost 50%, TRON’s TRX shot up by more than 60%, and Hedera’s HBAR rose by a formidable 90%. Meme coins and tokens were also riding high as Elon Musk’s DOGE - Department of Government Efficiency - as well as the ticker for the Dogecoin currency, entered the common lingo. Several investors are now wondering whether to enter the buzzing crypto economy, while others are making their first crypto trades to capitalise on the spurt in price. Such a market environment is also filled with dangers. Here are some potential pitfalls and risk factors that every crypto investor should be aware of.Scams