When Will The Current Cryptocurrency Bear Market End?
The third Bitcoin – bear market halving event in May 2020 served as the primary catalyst for the 2021 bull run.
The post-crypto boom cycle garnered significantly greater international attention in 2021 after two years of a huge sell-off and bear market. Retail investors now believe that the bear market or the crypto winter has arrived since attitudes have changed. Furthermore, it is impossible to predict with certainty when the bad market in cryptocurrencies will end.
The cryptocurrency and virtual asset sector experiences prolonged downturn markets every few years. While some other assets are entirely destroyed, Bitcoin and Ethereum both experience double-digit declines. In 2022, we will once more witness that. Investors must ask how long this crypto bear market will go if the cryptocurrency industry remains as cyclical as it has in the past.
Overview of the Bear Market conditions
Bitcoin has decreased from more than $48,000 to about $18,000 over the last three months as a result of rising inflation and recession-related problems. The most recent all-time high for Bitcoin, which it reached in November 2021 when it surpassed $68,000, is far away from the present price. Bitcoin is still worth more than twice as much as it was just a few years ago, despite the current price decrease. These variations in price are nothing new for Bitcoin. Some of the leading traders predict another excruciatingly long period of low pricing.
When will this Bear Market in cryptocurrencies end?
Simply put, the cryptocurrency market is too erratic. We are unsure of whether prices have reached a bottom or if the cycle will continue as in the past. However, if you’re a long-term investor looking to place a tiny wager on this emerging industry, now might be the time to build your strongest stake.
Importantly, when a crypto bear market ends, it might lead to a lengthier period of verifiable price gain, as was the case with the most recent crypto winter in 2020. So even the worst crypto winter in recorded history ended in less than two years. Considering this tendency, the current bear market may expire before the end of 2023, probably much earlier.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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