Bear Market News
A bear market is where asset prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment. Typically, bear markets are associated with declines in an overall market or index, but individual assets can be considered to be in a bear market if they experience a decline of 20% or more over a sustained period of time – typically two months or more. Cryptocurrency has seen many such instances since Bitcoin first burst onto the scene, most notably in 2012, 2013-15 and presently, where we are seeing the longest bear market in cryptocurrency history, which began at the start of 2018. These downtrends tend to have four phases – top sellers, mass sell offs, capitulation, and finally re-entry to the market.