Crypto Might be on way to the Longest Bear Market in History || bitcoin bear market || crypto bear market

Crypto Might be on way to the Longest Bear Market in History


The cryptocurrency and digital asset market might be on the way to experience the longest bear market in its ten-year history.
As the host of CNBC’s Crypto Trader, Ran Neuner said if the latest bear market lasts for another month, it will surpass the 420-day correction the cryptocurrency market experienced from 2014 to 2015.
Neuner tweeted:

“If this bear market continues for another month it will be the longest bear market in Crypto history; 2014/15 – 420 days. 2018/19 -390 days.”


Possible Triggering Factors Behind the Crypto Bear Market to Broaden Across 2019
It is widely known that in 2017, the cryptocurrency and digital asset sector experienced its, greatest ever bull market. The price of Bitcoin, the number one cryptocurrency by market cap, surged from less than $1,000 to around $20,000 at its peak. Furthermore, other main cryptocurrencies and digital assets like Ethereum and Ripple recorded 200-fold gains within a 12-month period.
Before December 2017, when the cryptocurrency and digital asset market achieved an ATH valuation at over $800 billion, Ethereum co-founder Vitalik Buterin suggested that the valuation of the market is not sustainable due to the lack of progress made by both dApps and the base blockchain protocols.
Since then, the combined valuation of the crypto market has dropped considerably from $500 billion to around $120 billion, by around 76 percent. It is to be noted that the crypto market dropped by around 85 percent, from its ATH.

Notably, the cryptocurrency market reached a valuation of $0.8 trillion, at its peak in late 2017. Many new retail investors and individual traders entered the cryptocurrency sector at its highest point and recorded substantial losses in a short period.

A venture capital investor and the CEO of Civic, Vinny Lingham mentioned that it may take a long time for investors to psychologically recuperate from the bear market. As per him, this may contribute to the time frame of the correction throughout 2019.
Lingham stated, in November 2018, that he thinks it stays in the range of $3,000 to $5,000 at least for three to six months. He further added if one doesn’t get out of the cryptocurrency bear market cycle in the next three or six months, the $3,000 level could go.

2019 Might be on the path to be a Boring Year
It is to be noted that analysts generally perceive 2019 to turn out to be a boring year for investors with a low level of volatility and a lack of breakouts above key support levels for major digital assets.
If the cryptocurrency and digital asset market stay in the range of $100 to $400 billion in market capitalization by the end of February, it will officially be the most terrible and the longest bear market in the history of the asset class.

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