So far, the 2022 crypto bear market seems to be the worst yet in crypto history and it doesn’t seem to be getting any better. In fact, this bear market is expected to stay for at least 8 more months. Some suspect it to last up to 2 years.
Similar to traditional markets, the crypto realm also moves in cycles, each of which last approximately four years or 1,275 days. When calculating the timeline of the current cycle, bitcoin’s realized price (the value of all bitcoins at the price they were bought, divided by the number of bitcoins in circulation) had gone below market price, showing the beginning of the bear market from June 2022.
A Grayscale report about the current situation noted that bitcoin’s progress last year during its all-time high (ATH) period was longer than any past cycles and proves that the crypto world is indeed strengthening and growing, regardless of inevitable bear markets.
“The 2020 cycle appears to have had a longer run in the ATH range with two prolonged peaks in contrast to the sharp rise and fall in prior cycles. This may have been due to the growing maturity of the crypto market that did not exist in previous cycles.”
Despite the unforgiving nature of each bear market, the crypto realm has always come out stronger and better than before. Each loss just adds one more step to crypto’s climb up the financial ladder.
“Despite price declines, liquidations, and volatility, the crypto industry continues to build and innovate, pushing the boundaries of what is possible.”
So, though the bear market might be in full force at the moment, it will not last for long and crypto will emerge victorious. It will push through many more bear markets as there will, no doubt, be many more yet to come.
