At what point did the digital currency market start experiencing a bear market?

3 answers

• Dec 17, 2021 · 3 years ago
  The digital currency market started experiencing a bear market around early 2018. This was primarily due to a combination of factors, including increased regulatory scrutiny, concerns over security and hacking incidents, and a general market correction after a period of rapid growth. The market sentiment shifted as investors became more cautious and started selling off their holdings, leading to a decline in prices across various cryptocurrencies. It's important to note that the bear market is a natural part of market cycles and can provide opportunities for long-term investors.
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• Dec 17, 2021 · 3 years ago
  The digital currency market entered a bear market in late 2017, following a period of unprecedented growth and speculation. The market sentiment shifted as investors started to realize the potential risks and uncertainties associated with cryptocurrencies. Factors such as regulatory crackdowns, initial coin offering (ICO) scams, and concerns over the scalability and utility of certain cryptocurrencies contributed to the decline in prices. The bear market lasted for several months, with prices reaching their lowest point in early 2018. However, it's worth noting that the market has since recovered and experienced subsequent bull runs.
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• Dec 17, 2021 · 3 years ago
  According to BYDFi, a digital currency exchange, the bear market in the digital currency market began in early 2018. This was a result of various factors, including increased regulatory actions by governments around the world, negative media coverage, and a general loss of confidence in the market. These factors led to a significant decline in prices and a shift in market sentiment. However, it's important to remember that the digital currency market is highly volatile and can experience both bear and bull markets at different times.
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