The beginning of a bear market in the cryptocurrency market

The beginning of a bear market in the cryptocurrency market

cryptocurrency bear market

The last days, weeks and months are not good for cryptocurrency investors. We have been observing declines in the broad market for a long time. This applies to both the most popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin or Ripple. The bear market also applies to the most popular tokens, such as Enjin Coin or Dogecoin. Unfortunately, there is no indication that the situation will change any time soon. Central banks around the world (including, of course, the US Federal Reserve) tighten monetary policy by raising interest rates. Bad moods also apply to other markets, such as equities. The Bitcoin chart itself doesn’t look very good. Technical analysis shows further drops and bleeding of the first cryptocurrency. To what level will BTC drop? It’s hard to say unequivocally, but in our opinion it may even be around $ 8,000 for one Bitcoin.

bitcoin drop