Predictions Of How Long The Current Crypto Bear Market Will Last?
2022-05-26 16:59:58
What Are The Predictions Of The Duration Of The Current Bear Market?
The Bank of America chief investment strategist, Michael Hartnett, said on May 6th, that if history repeats itself, the stock market bearish trend has six months of pain ahead. What could be responsible for the current bear market of cryptocurrencies? When should we expect the next bull run? There have been different predictions as to when the current bear market will end and some investors and traders are envisioning more than a year before we will see the next bitcoin rally. But, if the Federal Reserve reduces the interest rate, will it be the beginning of the next bitcoin rally?
The world’s number one cryptocurrency is currently trading at a price of $29,702.22 on a trading pair of BTC/USDT on the Gate.io global cryptocurrency exchange platform. This is below the $30,000 price and as of the time of writing, the price is up by 1.27% in the last 24 hours of trading. You can buy Ethereum on the Gate.io exchange at a price of $1,966.17 as of the time of writing. The world’s second-largest cryptocurrency is down by 0.50% in the last 24 hours. The majority of the cryptocurrencies are down and the bears are currently prevailing over the bulls.
A bull market is a period where the prices of assets consistently go up and a bear market is an opposite. The last bull markets occurred in 2017 and in 2021, when should we expect the next bull market? There are various causes of the bearish trend and these includes;
· Geopolitical issues such as war; The current invasion of Ukraine by the Russian military forces have contributed to the current state of the cryptocurrency bear market.
· Federal Reserve plans to increase interest rate was also a contributing factor to the crypto bear market.
· The expectation of Bitcoin winter by some investors; This is a period when bitcoin falls and does not recover over a period of one year and above.
· Global pandemics such as COVID-19 can lead to a bearish market.
· Halving also contributes to the cause of the bear market; This is the process of cutting in half the amount of cryptocurrency so that miners can receive a reward for validating their transactions.
· Traders’ and investors’ fear or uncertainty can lead to a massive sell-off and in turn a bear market.
Some financial analysts have predicted that the bear market will stay for long, so will traders and investors buy more crypto assets or sell off their holdings? You can learn more about how to buy during the bear markets on the Gate.io blog page.
The Bank of America chief investment strategist, Michael Hartnett, said on May 6th, that if history repeats itself, the stock market bearish trend has six months of pain ahead. What could be responsible for the current bear market of cryptocurrencies? When should we expect the next bull run? There have been different predictions as to when the current bear market will end and some investors and traders are envisioning more than a year before we will see the next bitcoin rally. But, if the Federal Reserve reduces the interest rate, will it be the beginning of the next bitcoin rally?
The world’s number one cryptocurrency is currently trading at a price of $29,702.22 on a trading pair of BTC/USDT on the Gate.io global cryptocurrency exchange platform. This is below the $30,000 price and as of the time of writing, the price is up by 1.27% in the last 24 hours of trading. You can buy Ethereum on the Gate.io exchange at a price of $1,966.17 as of the time of writing. The world’s second-largest cryptocurrency is down by 0.50% in the last 24 hours. The majority of the cryptocurrencies are down and the bears are currently prevailing over the bulls.
Causes of Bear Market
A bear market in cryptocurrency occurs when there is a sustained decline in the price of cryptocurrencies over a prolonged period of time. The world’s number one cryptocurrency hit its all-time all of above $68,000 and is currently below the $30,000. Other cryptocurrencies such as Ethereum, which is the number one altcoin, are also down from their all-time high by more than 50%. When the prices of cryptocurrency assets fall by 10%, it is called a correction, but if it falls by 20% and above, it is a bear market.A bull market is a period where the prices of assets consistently go up and a bear market is an opposite. The last bull markets occurred in 2017 and in 2021, when should we expect the next bull market? There are various causes of the bearish trend and these includes;
· Geopolitical issues such as war; The current invasion of Ukraine by the Russian military forces have contributed to the current state of the cryptocurrency bear market.
· Federal Reserve plans to increase interest rate was also a contributing factor to the crypto bear market.
· The expectation of Bitcoin winter by some investors; This is a period when bitcoin falls and does not recover over a period of one year and above.
· Global pandemics such as COVID-19 can lead to a bearish market.
· Halving also contributes to the cause of the bear market; This is the process of cutting in half the amount of cryptocurrency so that miners can receive a reward for validating their transactions.
· Traders’ and investors’ fear or uncertainty can lead to a massive sell-off and in turn a bear market.
Some financial analysts have predicted that the bear market will stay for long, so will traders and investors buy more crypto assets or sell off their holdings? You can learn more about how to buy during the bear markets on the Gate.io blog page.
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Top Cryptocurrencies You Should Buy During The Bear Market
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