What was the starting date of the ongoing bear market in the digital currency market?

3 answers

• May 05, 2022 · 3 years ago
  The ongoing bear market in the digital currency market started on January 2018. It was triggered by various factors such as regulatory concerns, market manipulation, and a decline in investor confidence. The sharp increase in the value of digital currencies in late 2017 led to a speculative bubble, which eventually burst and resulted in the bear market. Since then, the market has experienced significant volatility and downward price trends.
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• May 05, 2022 · 3 years ago
  The bear market in the digital currency market began in early 2018. It was a result of a combination of factors, including increased regulatory scrutiny, negative news surrounding digital currencies, and a general market correction after the previous bull run. The market sentiment shifted from extreme optimism to fear and uncertainty, leading to a prolonged period of declining prices and investor pessimism.
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• May 05, 2022 · 3 years ago
  BYDFi, a leading digital currency exchange, believes that the ongoing bear market in the digital currency market started on January 2018. This market downturn was primarily driven by a combination of factors such as increased regulatory pressure, concerns over security and fraud, and a general market correction after a period of excessive speculation. The bear market has presented challenges for investors and traders, but it has also created opportunities for long-term investors to accumulate digital assets at discounted prices.
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