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Crypto in Longest Bear Market Ever at 490 Days, But When Will it End? (Analysis)

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Crypto markets are currently in their longest ever bear cycle at almost 500 days. Fundamentally, things are looking positive but markets have yet to react.

BTC prices are currently down 62% from the previous peak, which was nearly two years ago. Therefore, the bear market has lasted for 490 days, much longer than previous cycle lows.

Moreover, several high-profile crypto collapses in 2022 created a major response from regulators eager to crack down on the industry. However, it’s not all doom and gloom. The world’s largest asset manager BlackRock is keen on Bitcoin and crypto, having stakes in major mining companies and applying for a. Analysts are expecting such a product to be approved this year, which means major institutional investment.

 

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