Cryptocurrency is a relatively recent economic and technological phenomenon, competing with established traditional third party financial systems through a trust-based peer-to-peer decentralized network. This unique financial and technological transactional structure opens new market opportunities and challenges, defining the cryptocurrency compared to the established financial market. To illuminate and analyse the inner workings of the cryptocurrency market, this thesis highlights the market drivers for the current top five cryptocurrencies in terms of market capitalization, by focusing on the current market situation and market history. This is supplemented by examining the history of traditional money and how cryptocurrencies can be comp...