derzeit
currently
At the present time; currently, at the moment.
Der Künstler lebt derzeit in Berlin.
The artist currently lives in Berlin.

currently
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currently
At the present time; currently, at the moment.
Der Künstler lebt derzeit in Berlin.
The artist currently lives in Berlin.

The word 'derzeit' (currently) is made up of 'der' and 'Zeit' (time). You can remember it as 'at this time' or 'in the present time.'
Die derzeitige Situation erfordert schnelles Handeln.
The current situation requires quick action.
As an adverb, 'derzeit' (currently) can stand in position 1, followed by the verb in position 2. It can also stand in the middle of the sentence after the verb and the subject.
Derzeit sind keine Termine frei.
Currently, there are no appointments available.
'Derzeit' (currently) is often used in more formal contexts such as news, official announcements, or written language. It sounds somewhat more formal than 'momentan' (at the moment).
Die Straße ist derzeit wegen Bauarbeiten gesperrt.
The road is currently closed due to construction work.
now
'jetzt' and 'derzeit' can both mean that something is happening at the moment or at the present time. 'jetzt' is very general and works well in everyday language, including when something begins right at this moment. 'derzeit' sounds a bit more factual and often refers to a current situation that lasts for a while. Learners may confuse the words because both mean 'at the present time'. If you are doing something directly at the moment, 'jetzt' is more natural; for states, plans, or information, 'derzeit' often sounds more precise.

Derzeit arbeitet sie an einem neuen Projekt im Büro.
She is currently working on a new project at the office.
Am Telefon sagt er: „Ich kann jetzt nicht sprechen.“
On the phone he says, “I can't talk right now.”