No, Bitcoin is not in its ‘longest ever bear market’ — Here's why

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Cryptocurrencies like Bitcoin are not in their “longest ever bear market” and probably are not even in a bear market at all, some industry enthusiasts say.

Cryptocurrencies like Bitcoin are not in their “longest ever bear market” and probably are not even in a bear market at all, according to some industry observers.that Bitcoin is currently in its “longest bear market” in history.

To determine the length of the current “bear market” in crypto, it’s necessary to understand that there are“Thing is, the terms ‘bull’ and ‘bear market’ are entirely subjective,” Quantum Economics founder Mati Greenspan told Cointelegraph. “It can mean either the price has moved in the past or that the price is expected to move in a certain direction in the future,” Greenspan said, adding:

As previously mentioned by Cointelegraph, Bitcoin once saw its price below its previous highs for a period of 37 months —

 

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:

 /  🏆 562. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines