News Formal

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

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Glassnode Unveils 'Game Changer' New Tool for Reading the Crypto MarketGlassnode’s new economic framework will help more easily account for the impact of lost coins on the Bitcoin market.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin's most faithful are staying put despite the crypto market's recent weaknessEven with a big correction, after weeks of inactivity and new focus on real rates, bitcoin's most patient investors are still holding onto their coins.
Source: CNBC - 🏆 12. / 72 Read more »