Crypto bear market is on the scene, but when will it end?
Everyone is aware of crypto bear market, but will it ever end? Here are last details about status of the crypto market.
The cryptocurrency market has been stagnant for a long time. Most of the currencies in the market have deeply plunged. With millions of dollars in losses, investors are wondering when this bear market will end. Market analysts shared their views on this problematic situation. Let's examine the last status of crypto bear market. The most famous cryptocurrency Bitcoin has been bounding between $18K and $19K for months. The tensions, wars and inflations occurring around the world have significantly reduced investments in Bitcoin and other cryptocurrencies.
"Inflations, Wars and Stagnation" Crpyto Market on Hard Days
Industry analysts state that this bear market is much more severe than the conditions experienced in 2018 bear market. It is stated that the biggest contributor to current bear market is global inflation. Investors avoid opting these risky assets, thus limiting the increases among the crypto market. However, some industry analysts remind that this is a natural cycle. To recall, Bitcoin and other cryptocurrencies fell sharply in 2018 and rocketed tens of times in 3 years.
Analysts state that the natural cycle of the bear market will weaken and decrease over time. They also add that with the decrease in inflation, there will be increases in the among the cryptocurrencies. Investors are also advised to wait patiently for incoming bull market in the near future.
Bitcoin reached its ATH point with a value of $60K in the last months of 2021. However, the declines dragged BTC back to $19K. Ethereum also reached the $4,800 zone in those times. However, the sharp decline pushed it back to $1,290 area.