What is the current length of the bear market in the cryptocurrency industry?
subhransu pandaNov 26, 2021 · 3 years ago3 answers
Can you provide an update on the duration of the ongoing bear market in the cryptocurrency industry? How long has it been since the market started declining?
3 answers
- Nov 26, 2021 · 3 years agoThe current bear market in the cryptocurrency industry has been ongoing for approximately 2 years. It started in early 2018 and has persisted until now. During this period, the overall market has experienced significant price declines and a lack of positive momentum. Many cryptocurrencies have seen their values drop by more than 80%. Investors and traders have been cautious due to the prolonged downturn, and it has affected the overall sentiment in the industry.
- Nov 26, 2021 · 3 years agoUnfortunately, the bear market in the cryptocurrency industry has been going on for quite some time now. It's been over 2 years since the market started declining, and there doesn't seem to be a clear end in sight. The prolonged bearish sentiment has made it challenging for investors and traders to make profits, and many have been forced to cut their losses. However, it's important to note that the market is cyclical, and eventually, we can expect a shift towards a more bullish trend.
- Nov 26, 2021 · 3 years agoAccording to recent data and analysis, the bear market in the cryptocurrency industry has been ongoing for approximately 2 years and 3 months. It started in early 2018 and has continued until now. This prolonged period of market decline has been characterized by significant price drops and a lack of positive market sentiment. Many investors and traders have been waiting for signs of a trend reversal, but so far, the market has remained bearish. It's important to stay informed and make informed decisions during these challenging market conditions.
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