At what date did the bear market in the cryptocurrency industry start?

7 answers

• Graversen SnowFeb 14, 2022 · 3 years ago
  The bear market in the cryptocurrency industry started around December 2017. This was when Bitcoin, the largest cryptocurrency by market capitalization, reached its all-time high of nearly $20,000 and began a significant decline. The market sentiment turned negative, and many other cryptocurrencies followed suit, experiencing substantial price drops.
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• opulenceSep 30, 2022 · 3 years ago
  The bear market in the cryptocurrency industry began in late 2017. It was a period of prolonged price decline and negative market sentiment. Bitcoin, as the leading cryptocurrency, experienced a significant drop in value, and this downward trend affected the entire market. Many factors contributed to the bear market, including regulatory concerns, security issues, and a general cooling off of the initial hype and excitement surrounding cryptocurrencies.
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• CorneliaSep 03, 2022 · 3 years ago
  According to historical data, the bear market in the cryptocurrency industry started in December 2017. This marked the end of the previous bull run, characterized by rapid price increases. The market sentiment shifted, and prices began to decline across various cryptocurrencies. It's important to note that bear markets are a normal part of any financial market cycle, and they provide opportunities for long-term investors to enter the market at lower prices.
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• EscorealeDec 18, 2020 · 5 years ago
  The bear market in the cryptocurrency industry began in late 2017, specifically around December. This period was marked by a significant decline in prices and a shift in market sentiment from optimism to pessimism. It's worth mentioning that bear markets are not uncommon in the cryptocurrency industry, and they often follow periods of rapid price growth. It's important for investors to understand and be prepared for these market cycles.
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• alireza RJun 19, 2023 · 2 years ago
  As an expert in the cryptocurrency industry, I can confirm that the bear market started in December 2017. This was a challenging time for investors, as prices across the market plummeted. It's crucial to remember that bear markets are temporary and can present buying opportunities for those with a long-term investment strategy.
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• Mohammad AszadaliAug 13, 2023 · 2 years ago
  The bear market in the cryptocurrency industry began in December 2017, and it lasted for several months. During this period, prices of cryptocurrencies experienced a significant decline, and market sentiment turned negative. It's important to note that bear markets are a natural part of the market cycle and can provide opportunities for investors to accumulate assets at lower prices.
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• Shiven ChandraJan 29, 2023 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, observed the start of the bear market in the cryptocurrency industry in December 2017. This marked the beginning of a prolonged period of price decline and negative market sentiment. As an exchange, we strive to provide our users with the necessary tools and resources to navigate these market conditions and make informed investment decisions.
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