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What was the starting date of the bear market in the world of digital currencies?

avatarMaria RomanovaDec 25, 2021 · 3 years ago3 answers

Can you tell me when the bear market in the world of digital currencies began? I'm curious to know the specific date when the market sentiment turned negative and prices started to decline.

What was the starting date of the bear market in the world of digital currencies?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    The bear market in the world of digital currencies started on January 14, 2018. This was the day when Bitcoin, the leading cryptocurrency, reached its all-time high price of nearly $20,000 and began its descent. From that point on, the market sentiment shifted, and prices started to decline across the board. It marked the end of the previous bull market and the beginning of a prolonged period of bearishness.
  • avatarDec 25, 2021 · 3 years ago
    Ah, the bear market in digital currencies! It all began on January 14, 2018, my friend. That was the day when Bitcoin hit its peak and started its downward journey. Prices went south, and the market sentiment turned sour. It was a tough time for crypto enthusiasts, but hey, that's how markets work, right?
  • avatarDec 25, 2021 · 3 years ago
    The bear market in the world of digital currencies officially started on January 14, 2018. This date is significant because it marked the end of the previous bull market and the beginning of a prolonged period of price decline. Many factors contributed to this shift, including regulatory concerns, market saturation, and a general cooling off of the hype surrounding cryptocurrencies. It's important to note that bear markets are a natural part of any financial market cycle, and they provide opportunities for long-term investors to accumulate assets at lower prices.