When did the currency bear market start?

Mid-April to mid-June 2022 is the potential starting time range for a bear market in the currency circle. The bear market lasted from a Bitcoin price drop in mid-April, exacerbated by the collapse of the Terra ecosystem in May, and fully kicked off in mid-June when Bitcoin dropped to $17,600. The bear market is still ongoing and Bitcoin has yet to recover from the downturn.

The starting time of the bear market in the currency circle

The bear market in the currency circle is usually called a period when the price of Bitcoin continues to fall and remains low. Its starting time is not fixed and depends on the situation. However, based on historical data, the time frame for the start of the bear market can be speculated:

Mid-April to mid-June 2022

• In mid-April 2022, the Bitcoin price began to decline after reaching an all-time high of $69,000 .
• In May, the market decline was exacerbated by the collapse of the Terra ecosystem and the collapse of Luna and UST tokens.
• In mid-June, Bitcoin price dropped to a low of $17,600, signaling the full start of the bear market.

As of now (March 2023), Bitcoin price has not yet recovered from the bear market, so the bear market is still ongoing.

It should be noted that a bear market is not a specific point in time, but a downward price trend that lasts for a period of time. Its start and end times may vary based on market conditions.

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