How far has the currency bear market reached?

The currency circle is experiencing a severe bear market, with Bitcoin and Ethereum plummeting by more than 65% and 70% respectively. The bear market was caused by a variety of factors, including the Federal Reserve's interest rate hikes, the Russia-Ukraine conflict and the collapse of crypto projects, which had a serious impact on the currency circle, leading to massive losses for investors, layoffs and closures of crypto companies, and a decline in public confidence. The bear market has reached the point of a deep correction that may last more than six years, and selling pressure remains strong. The end of the bear market is uncertain and may last for months or even years.

The severity of the bear market in the currency circle

The currency circle is currently in a long and cruel bear market. The cryptocurrency market has fallen sharply and investors have suffered heavy losses.

Drop

Since reaching all-time highs in November 2021, Bitcoin has plummeted more than 65% and Ethereum has fallen more than 70%. Other major cryptocurrencies also fell sharply.

Cause

The bear market is caused by a variety of factors, including:

• Federal Reserve rate hikes and soaring inflation
• Russian-Ukrainian conflict leading to economic and market uncertainty
• Cryptocurrency projects such as Terra Luna and Celsius Crash
• Investor panic and selling

Impact

The bear market has had a major impact on the currency circle:

• Investors suffered heavy losses
• Layoffs and closures of cryptocurrency companies
• Reduced market confidence
• Public Confidence in cryptocurrencies has been dampened

The extent of the bear market

According to the assessment of cryptocurrency market analysts, the bear market has reached the following extent:

• Deep correction: Cryptocurrencies have corrected 50% of their all-time highs % above.
• Duration: The bear market has lasted for over six months, possibly years.
• Selling Pressure: Selling pressure remains high and investors are dumping cryptocurrencies to cut losses.

When will it end

It is uncertain when the bear market will end. This depends on factors such as global economic conditions, cryptocurrency regulation, and investor sentiment. Analysts expect the bear market could continue for months, if not years.

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