• bitcoinBitcoin (BTC) $ 99,121.00
  • ethereumEthereum (ETH) $ 3,890.66
  • xrpXRP (XRP) $ 2.43
  • tetherTether (USDT) $ 0.999953
  • solanaSolana (SOL) $ 229.19
  • bnbBNB (BNB) $ 728.89
  • dogecoinDogecoin (DOGE) $ 0.440679
  • usd-coinUSDC (USDC) $ 1.00
  • cardanoCardano (ADA) $ 1.14
  • staked-etherLido Staked Ether (STETH) $ 3,886.93
  • tronTRON (TRX) $ 0.301611
  • avalanche-2Avalanche (AVAX) $ 50.38
  • shiba-inuShiba Inu (SHIB) $ 0.000030
  • the-open-networkToncoin (TON) $ 6.49
  • wrapped-stethWrapped stETH (WSTETH) $ 4,614.73
  • chainlinkChainlink (LINK) $ 24.96
  • polkadotPolkadot (DOT) $ 9.65
  • stellarStellar (XLM) $ 0.461388
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 98,687.00
  • bitcoin-cashBitcoin Cash (BCH) $ 601.18
  • suiSui (SUI) $ 4.03
  • hedera-hashgraphHedera (HBAR) $ 0.308042
  • pepePepe (PEPE) $ 0.000026
  • wethWETH (WETH) $ 3,890.62
  • uniswapUniswap (UNI) $ 17.24
  • litecoinLitecoin (LTC) $ 125.00
  • nearNEAR Protocol (NEAR) $ 7.25
  • leo-tokenLEO Token (LEO) $ 9.38
  • wrapped-eethWrapped eETH (WEETH) $ 4,084.26
  • aptosAptos (APT) $ 13.50
  • internet-computerInternet Computer (ICP) $ 13.43
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.649389
  • usdsUSDS (USDS) $ 0.999991
  • ethereum-classicEthereum Classic (ETC) $ 34.76
  • vechainVeChain (VET) $ 0.063675
  • crypto-com-chainCronos (CRO) $ 0.188149
  • render-tokenRender (RENDER) $ 9.72
  • bittensorBittensor (TAO) $ 671.16
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.89
  • kaspaKaspa (KAS) $ 0.177428
  • arbitrumArbitrum (ARB) $ 1.08
  • hyperliquidHyperliquid (HYPE) $ 13.21
  • filecoinFilecoin (FIL) $ 7.18
  • aaveAave (AAVE) $ 272.64
  • mantleMantle (MNT) $ 1.17
  • algorandAlgorand (ALGO) $ 0.468477
  • mantra-daoMANTRA (OM) $ 4.13
  • blockstackStacks (STX) $ 2.50
  • moneroMonero (XMR) $ 201.60
  • cosmosCosmos Hub (ATOM) $ 9.42
  • bitget-tokenBitget Token (BGB) $ 2.61
  • whitebitWhiteBIT Coin (WBT) $ 24.98
  • fantomFantom (FTM) $ 1.24
  • celestiaCelestia (TIA) $ 7.74
  • okbOKB (OKB) $ 57.35
  • dogwifcoindogwifhat (WIF) $ 3.41
  • daiDai (DAI) $ 1.00
  • bonkBonk (BONK) $ 0.000043
  • immutable-xImmutable (IMX) $ 1.92
  • optimismOptimism (OP) $ 2.49
  • injective-protocolInjective (INJ) $ 31.09
  • ethenaEthena (ENA) $ 0.990816
  • theta-tokenTheta Network (THETA) $ 2.85
  • the-graphThe Graph (GRT) $ 0.295072
  • worldcoin-wldWorldcoin (WLD) $ 3.45
  • sei-networkSei (SEI) $ 0.637377
  • flokiFLOKI (FLOKI) $ 0.000260
  • solana-swapSolana Swap (SOS) $ 3.29
  • thorchainTHORChain (RUNE) $ 6.99
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,894.85
  • galaGALA (GALA) $ 0.055957
  • ondo-financeOndo (ONDO) $ 1.61
  • jasmycoinJasmyCoin (JASMY) $ 0.044537
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 99,066.00
  • the-sandboxThe Sandbox (SAND) $ 0.847742
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,363.47
  • based-brettBrett (BRETT) $ 0.197129
  • eosEOS (EOS) $ 1.22
  • makerMaker (MKR) $ 2,059.25
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,087.97
  • lido-daoLido DAO (LDO) $ 2.01
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998772
  • beam-2Beam (BEAM) $ 0.033791
  • pyth-networkPyth Network (PYTH) $ 0.474361
  • kaiaKaia (KAIA) $ 0.289961
  • dydx-chaindYdX (DYDX) $ 2.36
  • jupiter-exchange-solanaJupiter (JUP) $ 1.24
  • flowFlow (FLOW) $ 1.07
  • iotaIOTA (IOTA) $ 0.467698
  • tezosTezos (XTZ) $ 1.62
  • arweaveArweave (AR) $ 24.93
  • flare-networksFlare (FLR) $ 0.029538
  • starknetStarknet (STRK) $ 0.711491
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,020.39
  • kucoin-sharesKuCoin (KCS) $ 13.30
  • gatechain-tokenGate (GT) $ 12.61
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.58
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,001.96
  • stauSTAU (STAU) $ 0.156280
  • aerodrome-financeAerodrome Finance (AERO) $ 2.16
  • bitcoin-svBitcoin SV (BSV) $ 75.03
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 98,924.00
  • heliumHelium (HNT) $ 8.30
  • mog-coinMog Coin (MOG) $ 0.000004
  • movementMovement (MOVE) $ 0.676692
  • elrond-erd-2MultiversX (EGLD) $ 50.67
  • bittorrentBitTorrent (BTT) $ 0.000001
  • raydiumRaydium (RAY) $ 4.76
  • neoNEO (NEO) $ 19.56
  • fasttokenFasttoken (FTN) $ 3.22
  • curve-dao-tokenCurve DAO (CRV) $ 1.09
  • axie-infinityAxie Infinity (AXS) $ 8.65
  • xdce-crowd-saleXDC Network (XDC) $ 0.089549
  • tokenize-xchangeTokenize Xchange (TKX) $ 16.65
  • coredaoorgCore (CORE) $ 1.43
  • popcatPopcat (POPCAT) $ 1.34
  • peanut-the-squirrelPeanut the Squirrel (PNUT) $ 1.31
  • decentralandDecentraland (MANA) $ 0.693398
  • ethereum-name-serviceEthereum Name Service (ENS) $ 39.00
  • matic-networkPolygon (MATIC) $ 0.649300
  • msolMarinade Staked SOL (MSOL) $ 285.02
  • apecoinApeCoin (APE) $ 1.70
  • aioz-networkAIOZ Network (AIOZ) $ 1.08
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 99,123.00
  • pancakeswap-tokenPancakeSwap (CAKE) $ 3.94
  • binance-staked-solBinance Staked SOL (BNSOL) $ 233.51
  • chilizChiliz (CHZ) $ 0.121218
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,888.39
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,089.62
  • conflux-tokenConflux (CFX) $ 0.228179
  • dydxdYdX (ETHDYDX) $ 2.36
  • havvenSynthetix Network (SNX) $ 3.14
  • akash-networkAkash Network (AKT) $ 4.20
  • zcashZcash (ZEC) $ 66.26
  • pendlePendle (PENDLE) $ 6.29
  • mina-protocolMina Protocol (MINA) $ 0.864737
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 98,463.00
  • eigenlayerEigenlayer (EIGEN) $ 4.75
  • wormholeWormhole (W) $ 0.356905
  • compound-governance-tokenCompound (COMP) $ 111.78
  • ecasheCash (XEC) $ 0.000050
  • notcoinNotcoin (NOT) $ 0.009394
  • nexoNEXO (NEXO) $ 1.49
  • ordinalsORDI (ORDI) $ 45.13
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 243.36
  • neiro-3Neiro (NEIRO) $ 0.002210
  • jito-governance-tokenJito (JTO) $ 3.51
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000001
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 98,666.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.440473
  • superfarmSuperVerse (SUPER) $ 2.01
  • amp-tokenAmp (AMP) $ 0.011213
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,890.34
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.008738
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,891.96
  • zksyncZKsync (ZK) $ 0.233034
  • oasis-networkOasis (ROSE) $ 0.124770
  • axelarAxelar (AXL) $ 0.965694
  • turboTurbo (TURBO) $ 0.012153
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.009271
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000149
  • reserve-rights-tokenReserve Rights (RSR) $ 0.015346
  • roninRonin (RON) $ 2.19
  • blurBlur (BLUR) $ 0.379871
  • 1inch1inch (1INCH) $ 0.545933
  • gnosisGnosis (GNO) $ 287.23
  • echelon-primeEchelon Prime (PRIME) $ 14.45
  • usddUSDD (USDD) $ 0.998748
  • arkhamArkham (ARKM) $ 2.27
  • livepeerLivepeer (LPT) $ 19.69
  • nervos-networkNervos Network (CKB) $ 0.015705
  • safeSafe (SAFE) $ 1.39
  • goatseus-maximusGoatseus Maximus (GOAT) $ 0.709053
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,222.58
  • kavaKava (KAVA) $ 0.650219
  • layerzeroLayerZero (ZRO) $ 6.31
  • grassGrass (GRASS) $ 2.86
  • book-of-memeBOOK OF MEME (BOME) $ 0.009860
  • kusamaKusama (KSM) $ 41.71
  • tether-goldTether Gold (XAUT) $ 2,668.36
  • dashDash (DASH) $ 54.40
  • usual-usdUsual USD (USD0) $ 1.00
  • super-oethSuper OETH (SUPEROETHB) $ 3,893.62
  • fraxFrax (FRAX) $ 0.996074
  • apenftAPENFT (NFT) $ 0.00000064
  • holotokenHolo (HOT) $ 0.003544
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000030
  • bitcoin-goldBitcoin Gold (BTG) $ 35.08
  • zilliqaZilliqa (ZIL) $ 0.031857
  • creditcoin-2Creditcoin (CTC) $ 1.49
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 99,216.00
  • spx6900SPX6900 (SPX) $ 0.651595
  • dexeDeXe (DEXE) $ 10.59
  • woo-networkWOO (WOO) $ 0.322740
  • 0x0x Protocol (ZRX) $ 0.704537
  • astarAstar (ASTR) $ 0.080339
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.42
  • enjincoinEnjin Coin (ENJ) $ 0.333502
  • chex-tokenCHEX Token (CHEX) $ 0.591061

The Bitcoin Bear Market Is Far From Over, Here’s Why

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The Bitcoin Bear Market Is Far From Over, Here’s Why

The recovery of Bitcoin and other cryptocurrencies at the start of the year brought about hopes that the bear market had finally come to an end. However, the market has since reversed with assets in the space losing a good portion of their Q1 gains. With the current trend, it is more than likely that the bear market is not over.

Historical Bitcoin Trends Suggest Otherwise

Over the last four bull markets that Bitcoin has seen since its inception, a number of things stand out. The first is that the bear market following a bull market does not seem to come to an end until the year of the halving.

The Bitcoin Halving is an important event because it cuts down the BTC block rewards in half, hence reducing the number of new BTC being released into circulation. This is a bullish event and has always heralded the start of the bull market for the cryptocurrency.

Currently, the market is still about a year away from the next Bitcoin halving set to happen in 2024, and if historical trends are anything to go by, then the bear market is likely to persist through 2023 and into early next year before the first hallmarks of the bull run are seen.

Following previous trends, there could still be more pain for BTC to come. If it is to lose around 85% of its all-time high value as it did before the last bull run, then the bottom of the market has likely not been reached yet either.

The Bitcoin Bear Market Is Far From Over, Here’s Why

Each bull market began with a halving event | Source: BTCUSD on TradingView.com

Investor Sentiment Remains Low

After the euphoria of the pump in the first half of 2023 died down, investors have been at a loss when it comes to pitching their tents. As a result, investor sentiment has drawn to a standstill as the Crypto Fear & Greed Index now sits at a neutral 52.

This means that investors are not doing anything bullish like buying more Bitcoin at this time, so the bear market is persisting as sellers continue to dominate. A return back into the greed territory would see prices rise again but this is unlikely given that buyers are likely waiting for BTC to revisit $20,000 before getting back in the game.

Related Reading: Optimism Crashes 33% Following Token Unlocks, Why There Could Be More Pain To Come

For now, BTC is still ranging below $27,000, a support level that bears have successfully flipped into resistance. However, it is still trading above its 100-day moving average, which suggests bullish momentum in the short term, albeit a short-lived one.

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from iStock, chart from TradingView.com

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