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

3 answers

• Salling PraterMar 27, 2024 · 2 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.
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• MASTI EVERGREENFeb 11, 2025 · a year 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?
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• Salma ElmaghawryFeb 19, 2024 · 2 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.
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