Measurement of the continued downturn on the cryptom market compared to previous bear markets-selected Bitcoin messages

The crypto economy has lost enormous value in the past three months and the leading crypto-asset Bitcoin has fallen by more than $ 46 % since its all-time high (ATH) of $ 69,044 per unit. The same applies to a large number of digital currencies, since the so-called crypto bear market has taken 78 days so far.

78 days after the start of the current downturn, crypto supporters ask the question of how long the bear market will last

At the time of writing, there is a large number of crypto supporters Wondering whether the current downturn in the crypto economy is a bear market or not. After a phenomenal year 2021, Bitcoin's price fell after reaching an ATH of $ 69,000 on November 10th, and so bitcoin The value of ATH was well below 20 % of the ATH over a longer period of time, most assume that this is a bear market.

if we count the days between now and count bitcoin ’s last athe it would be about 78 days. Currently, Bitcoin is more than 46 % below the $ 69,000 ATH and Ethereum ( ETH ) is 48 % below his ATH of 4.878 $.

If we assume that the crypto economy is in a bear market sequence bitcoin s ath, 78 days is much shorter Crypto bear markets of the past. Bitcoin's Bärenlauf in July 2013 lasted 89 days and after the ATH in 2013 the following crypto bear market was extended by 406 days.

2017, then bitcoin one ATH at just under 20,000 per unit, the following Baisse took 251 days until the prices again became. 2017 was characterized by the initial ignition Coin offer (ICO) boom, the largely emptied as many of the projects were found vaporware

There were considerable Criticism of web3 and More than $ 60 billion remain since November 2021. In the last seven days, NFT sales fell by 5.73 % to today's standards.