seach-icon
  • user-img

    QONEQT in Crypto News

    21-Oct-2022 12:09 PM


    thumbnail

    How long will the bear market last? Signs to watch for a crypto market reversal

    The current crypto bear market has induced panic, fear and uncertainty in investors.
    A global increase in inflation and rising interest rates instilled fear and uncertainty in the market, resulting in lower crypto investment than expected.
    The graph summarizes the expected trajectory of the current crypto cycle.

    Source: Grayscale If the current market cycle takes a similar structure as the 2012 and 2016 cycles, and if Grayscale’s findings are accurate, then the bear market could end between November 2022 and December 2022.
    How long Bitcoin traders expect the bear market to last Bitcoin maximalists tend to look toward the Bitcoin halving as an indicator to predict the next bull run.

    Remarkably, this is the first bear market in which there is a correlation between the stock market and Bitcoin, with a correlation rate of over 0.6 in July 2022, according to Coin Metrics data.
    Source: Cointelegraph
    #crypto