The crypto economy has shed enormous value over the last three months and the crypto asset bitcoin is down more than 46% since its high. So far, it's been a total of 78 days.
It’s assumed the crypto industry’s maturity, its software applications, and the current interest in blockchain tech is a lot more robust than in 2017. Meanwhile, bitcoin already had a small bear run in between its 2021 April ATH and the mid-November ATH of 97 days.
All of the past downturns have been much longer than the current 78-day period.show that the current downturn is the second deepest drawdown in this halving cycle. “Corrections in 2017, and early-2021 were much shallower between 20% and 40%, whilst July 2021 reached a drawdown of -54%,” Glassnode wrote on its Telegram channel on January 23.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Bitcoin price climbs back above $37,000Bitcoin was trading higher Wednesday morning, helping to lead a stabilization in the crypto market.
Les mer »
IRS special agent: Crypto’s the future, but there are ‘mountains of fraud’This IRS chief is bullish but also worried. A top special agent from the Internal Revenue Service has told a conference that NFTs and crypto are the “future” but highlighted that fraud and manipulation are still rampant in the space.
Les mer »
Global Crypto Owners Predicted to Surpass 1 Billion This Year – Featured Bitcoin News'Nations can no longer afford to ignore the growing push to crypto by the public. We may in many cases expect a friendlier stance towards the crypto industry.” cryptocurrency bitcoin
Les mer »
Net Inflows Into Largest Gold ETF Surge Amidst Falling Stocks and Crypto Prices – Featured Bitcoin NewsNet inflows into SPDR Gold Shares surged to a new record of $1.63 billion, the highest since its listing in 2004.
Les mer »
Bitcoin, Ethereum Technical Analysis: BTC Prices Shaken as Fed Keeps Rates Unchanged – Market Updates Bitcoin NewsCryptocurrency markets were volatile on Thursday, as traders appeared to react to the Fed’s decision to keep interest rates unchanged.
Les mer »
SEC Rejects Fidelity’s Wise Origin Bitcoin ETF ProposalThe SECGov has rejected yet another proposal to list a spot bitcoin exchange-traded fund (ETF), this time from Fidelity By Tanzeel_Akhtar
Les mer »