sincerem
VIP Contributor
HOW LONG WILL THE BEAR MARKET LAST??
The bear market is going to four weeks now, it has overshadowed the month of May and wants to affect the month of June. I see it going for a while base on the ongoing scenario of some countries not supporting crypto transition. The bear market is influenced heavily by the Chinese government banning crypto with strict law imposed on the traders if found trading crypto.
That has slowed down the mining process of large portion of digital coins. Majority of crypto miners are from the China region, that has made the mining strength of crypto to reduce, and is affecting the prices of all coins in the market.
Coins like BTC, ETH, BCH, LTC, DOGE, XRP, BNB etc. All halved during this ongoing bear market. If time is not taking their values might still drop again to 1/3 of its highest benchmark recorded this year.
Do you think this bear market will keep draining down and become the worst in crypto history??
The bear market is going to four weeks now, it has overshadowed the month of May and wants to affect the month of June. I see it going for a while base on the ongoing scenario of some countries not supporting crypto transition. The bear market is influenced heavily by the Chinese government banning crypto with strict law imposed on the traders if found trading crypto.
That has slowed down the mining process of large portion of digital coins. Majority of crypto miners are from the China region, that has made the mining strength of crypto to reduce, and is affecting the prices of all coins in the market.
Coins like BTC, ETH, BCH, LTC, DOGE, XRP, BNB etc. All halved during this ongoing bear market. If time is not taking their values might still drop again to 1/3 of its highest benchmark recorded this year.
Do you think this bear market will keep draining down and become the worst in crypto history??