The most important thing to understand about bear markets is that they are incredibly brief compared to bull markets. That could come as an unexpected blow when you look at the investments in your account and feel the declines will never end. However, the average bear market in the stock market from 1929 to 2022 lasted about 9.7 months, as measured by a 20% or more significant drop in the S&P 500 stock index.
A bear market is a 20% loss from the stock market’s recent highs. When the stock market increases by 20% or more over a continuous period, it is said to be in a bull market.
However, there were some positive changes in the first quarter of 2023. Bitcoin reached $30,000 after trading at about $16,500 in early January. Meanwhile, Ethereum’s value has nearly doubled from its June 2022 close of $1,071, and Big Eyes Coin (BIG) has raised $35 million in a presale that’s still ongoing.
Bear markets may be terrible for investors, but thankfully, the anguish is typically short-lived. It’s natural to be anxious about the possibility of a bear market shortly. However, most investors should not be concerned about a bear market, and you know why? Because the bear market is finally over.
Bitcoin (BTC) Ends Hibernation
Bitcoin has grown for four months, an exceptional occurrence in its history. This pattern has never before resulted in new lows, implying that the Bitcoin bear market may have ended.
Since then, Bitcoin prices have doubled, with the financial crisis that has now moved to Silicon Valley-based First Republic reigniting interest in Bitcoin, Ethereum, and crypto.
Yet as the legacy banking system faces significant challenges, future events will reveal if this pattern holds and if the Bitcoin bear market ends.
Ethereum’s (ETH) Fortunes Have Reversed Around
ETH’s trading volumes have reached $7.54 billion in the past several days, indicating that traders are attempting to book low-priced gains. Given the small increases reported during this period, it is evident that purchasers are generating the vast majority of volumes.
This may appear to be a bold claim, but Ethereum (ETH) is expected to begin outperforming Bitcoin. Ethereum can generate 5x returns if it reaches $50,000 to $60,000 by the end of the year.
The first reason to be optimistic is the belief that the Ethereum merging factor is still included in the pricing. During the last bull market, Ethereum reached highs of $4,900.
An additional cause to be optimistic last year was Vitalik Buterin’s statement that Ethereum production was just 55% complete following the merger. Bitcoin is said to be “80% complete.” The average amount of transactions per second will increase due to sharding.
According to market experts, Ethereum might embark on one of cryptocurrency history’s most incredible bull runs. Over the last few days, the price of ether has been consolidating.
Big Eyes Coin: The Only Cat Capable of Beating the Bear
The presale of Big Eyes Coin is another success of the crypto industry. This innovative concept will use fintech advancements to provide a quick and safe transaction platform. As an outcome, the currency will likely pique the curiosity of cryptocurrency investors looking for the next big thing in the industry.
Big Eyes Coin confirmed that the presale would end on June 3rd, offering investors one final chance to acquire this digital asset. That means you still have time to join the presale using the unique promo END300, which will provide you with a 300% bonus from Big Eyes Coin.
Big Eyes Coin, the largest meme currency presale, has already broken records by gathering over $35 million in investment. This achievement demonstrates how popular meme-inspired currencies are growing and suggests that similar projects may attract significant support from the crypto community. The project might contribute to market growth.
The future of Bitcoin and other cryptocurrencies remains to be determined owing to the challenges confronting the legacy banking system and the disparities in regulatory approaches adopted by various countries.
As the global field of finance advances, governments, banks, and investors must constantly track these developments and adjust accordingly to guarantee the cryptocurrency sector’s secure and profitable future.
For more on Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
OpenSea: https://opensea.io/collection/big-eyes-lootbox-cards
Twitter: https://twitter.com/BigEyesCoin
