Bitcoin

<ul><li>Despite solid fundamentals, Bitcoin remains stuck in its longest bear market.</li><li>Major institutional investments have yet to reflect positively on Bitcoin prices.</li><li>Bitcoin price analysis broke below $26k after a bearish pressure.</li></ul>The cryptocurrency market, with Bitcoin as its standard bearer, is going through what appears to be the longest bear market in its history, lasting an astonishing 490 days so far. This prolonged downturn has seen the value of Bitcoin drop by more than half since its zenith in November 2021. To add to the malaise, other cryptocurrency assets, such as altcoins and non-fungible tokens (NFTs), are experiencing even steeper declines, further intensifying the prevailing pessimism and uncertainty among seasoned investors and newcomers.The CEO and founder of MN Trading, an educational platform, Michael van de Poppe, shared a Twitter  post providing insights on the current performance of BTC: <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3e312dd46d4143ea9bd66361d6205f02.png" />However, it&#39;s crucial to understand that Bitcoin and the broader cryptocurrency market are no strangers to cycles. These cycles often consist of a period of expansion, followed by a substantial correction, a phase of accumulation, and then, ideally, renewed growth. What complicates matters for investors is that these cycles have a flexible timeline. This makes the current protracted bear market unnerving for many, particularly those who entered the crypto market recently.Read full article a<a href="https://cryptotale.org/navigating-bitcoins-longest-bear-market-a-historical-comparison/" rel="noopener noreferrer nofollow">t CryptoTale.</a>

Navigating Bitcoin's Longest Bear Market: A Historical Comparison

CryptoTale

Other articles published on Aug 28, 2023

Joshua Budiman's Insights at CoinfestAsia and Cryptalk Illuminate Sekuya's Rise to the Top

PlatON Taps FaTPay to Offer All-in-One On-Ramp Service to PlatON

Shibarium Relaunches with Massive Impact: Lead Developer Credits Polygon

UNCX Network Advances Decentralization Through The Graph Integration

Solana Will Fall Further As Rejection At $21 Looms

CEHV Founder Mocks at SBF Lawyers’ Objection to Court’s Current Plan

Join our free newsletter for daily crypto updates!