What causes a crypto bear market?

  • Lower trading volume: This usually means that people have started to hold their coins due to uncertainty in the market.
  • Negative sentiments from traditional finance: An example of this was when JPMorgan CEO Jamie Dimon called Bitcoin a fraud in 2017, just months before it reached $20,000 per unit and then crashed promptly.
  • Death cross: A technical indicator pertaining to an asset’s crossing from a 50-day moving average to a 200-day moving average.
  • Backwardation: When an asset’s price in the futures market is lower than the current market price.
  • Changes in the federal funds rate: The rate at which banks lend/borrow their excess reserves overnight.
  • Intervention from regulatory bodies: An example of this is the Chinese government’s restrictions concerning crypto software and mining. Such interventions force a lot of mining operations to go offline, causing widespread uncertainty

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First smart data ecosystem with a Dual-Strata Architecture. See full blog at Smart Data Ecosystem Publication or https://medium.com/genaro-network

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Genaro Network (GNX)

Genaro Network (GNX)

First smart data ecosystem with a Dual-Strata Architecture. See full blog at Smart Data Ecosystem Publication or https://medium.com/genaro-network

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