78 Days: Measuring the Extended Crypto Market Downturn Against Prior Bear Markets – Featured Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The crypto economy has shed enormous value over the last three months and the crypto asset bitcoin is down more than 46% since its high. So far, it's been a total of 78 days.

It’s assumed the crypto industry’s maturity, its software applications, and the current interest in blockchain tech is a lot more robust than in 2017. Meanwhile, bitcoin already had a small bear run in between its 2021 April ATH and the mid-November ATH of 97 days.

All of the past downturns have been much longer than the current 78-day period.show that the current downturn is the second deepest drawdown in this halving cycle. “Corrections in 2017, and early-2021 were much shallower between 20% and 40%, whilst July 2021 reached a drawdown of -54%,” Glassnode wrote on its Telegram channel on January 23.

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:

 /  🏆 531. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Which means that the only value is what you can sell for it, to someone else... So, it's Ponzi Scheme. Except that ponzi doesn't have absorbent barriers as technological breakthroughs or something people can abandon. Then price it's gone, Bitcoin is nothing.

ElementarySecurityPricing : The price of any security involve Cash Flow (C) + Expectations (E) through time (t) and a discount (D). As by design, (C) = 0 for Bitcoin and (D) is irrelevant for general purposes, it leaves you with just (E)

I am still very bullish about colexionNFT just wondering what you waiting for? colexion happens to be one of the largest NFT market place out there. Join their amazing Giveaway with prizes like free NFTs, $500 $CLXN tokens and more.

senseishibtoken is a new token with Utility! Sensei Swap is out now, as eth and fantom bridge on the way perfect entry now with such an active dev team and active community don’t miss this BSCGem senseishib senseiswap SenseiFTMlaunch

There will be a bull market soon.

Sooner or later, any bear market ends. It's good that I bought some btc on bfx when the price was around $33k

Я скоро продам btc 100 000. Всем спать

1inch Ethereum ETH BNB Bitcoin ElonMusk cryptocurrecy Investing . I am a certified Crypto investor / Trader and I assist individuals in making profit on a Daily and weekly Basis. Startup can be $100 and ROI is 40% Above. Send a Direct message to get Started

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Net Inflows Into Largest Gold ETF Surge Amidst Falling Stocks and Crypto Prices – Featured Bitcoin NewsNet inflows into SPDR Gold Shares surged to a new record of $1.63 billion, the highest since its listing in 2004. cryptо isn't admitеd if it is pоssiblе Gold-printer go brrrrrrr!!!
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin, Ethereum Technical Analysis: BTC Prices Shaken as Fed Keeps Rates Unchanged – Market Updates Bitcoin NewsCryptocurrency markets were volatile on Thursday, as traders appeared to react to the Fed’s decision to keep interest rates unchanged. senseishibtoken is a new token with Utility! Sensei Swap is out now, as eth and fantom bridge on the way perfect entry now with such an active dev team and active community don’t miss this BSCGem senseishib senseiswap SenseiFTMlaunch
Source: BTCTN - 🏆 531. / 51 Read more »