CMCGlossary: Crypto Winter 🥶 Crypto winter is a period in the crypto market when prices of major coins fall dramatically from all-time highs. 👉 Details:
and coin prices. Most hacks usually result in the loss of millions of dollars and, sometimes, even bankruptcy. On the contrary, policy changes affect not just exchanges, but even users. Some of the most common policy changes are bans on cryptocurrency trading or freezes on related payments.The previous crypto winter began in January 2018 and lasted until December 2020. Looking at the past for direction, we can see that a crypto winter behaves like a traditional bear market.
A crypto winter usually starts when there is a steep sell-off from the previous all-time high of Bitcoin. The last ATH of BTC was in November 2021 when the price hit $68,000. After that, prices started to trend downwards. In mid-June 2022, the price dipped by nearly 70%.A bear market is said to take place when the price of financial assets decreases continually. Most financial experts agree that a 20% or more price drop is considered “bearish.
A bear market is also often characterized by irrationality and pessimism, leading to prices falling even further. Bear markets can continue for a few weeks or several months. In traditional financial markets, bear markets have been known to last for as long as 20 years . Within the crypto world, a crypto winter refers to a season when financial assets are frozen or do not appreciate. During this time, crypto-assets do not have far-reaching appeal and are not in demand or seen as valuable assets. Crypto winters are usually witnessed between two bull cycles when the initial wide-eyed excitement regarding the crypto markets dies down.
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