Abstract

Cryptocurrencies emerged as a disruptive and transformative force within the global financial landscape, challenging conventional banking systems and monetary policies. Her metrics such as market capitalization, trading volumes, and price volatility of cryptocurrencies, alongside their correlation with traditional financial assets and macroeconomic variables. The trading volumes of cryptocurrencies have attained substantial levels, indicating an escalating acceptance and adoption by investors and market participants. There are degrees of correlation, with certain cryptocurrencies exhibiting weak or negative correlations, while others exhibit stronger positive associations. There, underscoring the necessity of the intricate interactions between cryptocurrencies and macroeconomic factors. There is transformative influence exerted by cryptocurrencies on the global financial system. The researcher had considered people from financial sector to know the impact of cryptocurrency on the global financial system. The study concludes that there is significant impact of cryptocurrency on global financial system where Cryptocurrencies fostered financial inclusion for individuals lacking access to traditional banking services and elevated economic and social standing

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