▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
Is there a difference between the crypto bear market of 2022 vs 2018? Watch this video to see your favourite crypto traders@Crypto Point Hindi – हिंदी & @Crypto India I क्रिप्टो इंडिया along with our host Riya Yadav discussing the history of Bitcoin Bear Markets and when will the crypto market recover?🤔
Crypto Market 2022 Overview:👇
The 2017 bull run was fueled as numerous tokens were rolled out as ICO was gaining huge attention. Only the fundamentally strong tokens sustained the crash after the bubble blast, while many tokens were rugged. While the BTC price dropped by nearly 85% then, the active addresses dropped heavily from 1.2 million to as low as 400K. However, the present scenario is a little diverse.
Presently, as mentioned above, the BTC price dropped nearly 75% from its highs and is expected to plunge by another 10% to 15%. But the active addresses remain consolidated at around 1 million despite the price kept on sliding down. Therefore, despite external factors impacting BTC price being numerous presently compared to that of 2018, the traders maintain their confidence over the upcoming rally.
#crypto #bear #market #bitcoin #2022 #2018
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So What causes a bear market in cryptos? 🤔
The cause behind a bear market in crypto, or any bear market for that matter cannot be pinpointed to one or two reasons. It generally is a complicated mixture of a variety of reasons that can trigger a bear market. It could be something as simple as a bust that comes after a boom in the market or due to some financial debacle that might plague investors in a particular asset class.
To know more watch our video on Crypto Bear Market Survival Guide below:🎥
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Bitcoin Bear Market Update: 📝
Bitcoin during the 2018 bear market had plunged hard by nearly 81.39% to mark its lows at $3200. Similar price action was witnessed in recent times when the BTC price marked new highs at $69,000. A massive drop of nearly 74.23% has been carried out over the past 6 to 8 months.
To know more watch our video on How to Invest in Bear Market?🎥
You can also read in detail about Crypto Bear Market on CoinDCX Blog:
What is the Crypto Bear Market?
Crypto Bear Market Indicators
Crypto Bear Market 2018 vs 2022
▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
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