Sunday, October 1, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News Bear Market

Bear Or Bull Run? What To Expect From Crypto Market In 2023: Report

news by news
December 30, 2022
in Bear Market, Bull Market, Cryptocurrency market, News
0
Bear Or Bull Run? What To Expect From Crypto Market In 2023: Report
0
SHARES
157
VIEWS
Share on FacebookShare on Twitter

READ ALSO

FTX Exploiter Moved A total of Over 10,000 ETH In Last 24 Hours

Just In: DOJ to Summon FTX Clients, Investors, and Employees in SBF Case

crypto bull run

Crypto Bull Run Ahead? The year 2022 proved to be a painful ride for the digital asset industry. The global crypto market cap of $2.2 trillion has dropped below the $800 billion mark. The biggest of the cryptos like Bitcoin (BTC) and Ethereum (ETH) prices have dropped by a massive 65% and 69% on the year to date (YTD), respectively.

However, high inflation sentiments left physical gold outperforming Bitcoin massively. This proved to be the second worst YTD return for Bitcoin since its launch. Meanwhile, few cryptos were able to absorb the turbulence this year while there was some apparent winner this year.

Crypto bull run in 2023?

As per the report, BTC’s recent price drop closely depicts the bear market patterns which can be found in the previous cycles. The 2018 bear market lasted for more than 364 days while the 2014-15 bear market lasted for around 407 long days.

Bitcoin price has bottomed 376 days after peaking but if BTC reaches the bottom in 2023 then it will be the longest drawdown ever. However, there are several potential catalysts ahead. FTX proceedings can urge the regulators to make tougher rules for the crypto market.

Meanwhile, experts believe that this is a positive signal related to the U.S. spot BTC ETF launches. This will lead to a better classification of tokens as a plausible outcome by the end of the year.

What can effect crypto market?

The European Union Parliament is yet to vote on the MiCA bill in February 2023. However, the effect of the bill will be 12 to 18 months to cover the complete market. The next in line SEC’s Grayscale lawsuit will make progress in the first quarter of 2023.

The tightening macro situation and Bitcoin correlation to macro analogies to the last bear market will be the bigger space to build BTC exposure.

A low trading activity will be the key trend in the year 2013. The crypto market might look more boring than in the previous three years. Expert hints that patience and long term positioning will be the key for investors.

BTC price to surge?

It is predicted that Bitcoin price will trade in a flat range this year. However, BTC price will 2023 close at a higher price than the yearly opening. The correlation between Bitcoin and equities is expected to soften up as trading activity in crypto witnessed a decline.

The post Bear Or Bull Run? What To Expect From Crypto Market In 2023: Report appeared first on CoinGape.

Related Posts

24/7 Cryptocurrency News

FTX Exploiter Moved A total of Over 10,000 ETH In Last 24 Hours

October 1, 2023
24/7 Cryptocurrency News

Just In: DOJ to Summon FTX Clients, Investors, and Employees in SBF Case

September 30, 2023
24/7 Cryptocurrency News

Breaking: Brazil Launches Blockchain-Powered National Digital ID

September 30, 2023
24/7 Cryptocurrency News

Just In: DALL-E 3 Ignites Artistry Rebirth via Bing Creator AI

September 30, 2023
24/7 Cryptocurrency News

US Treasury Secretary Sounds Alarm on Possible Recession in Case of Government Shutdown

September 30, 2023
24/7 Cryptocurrency News

Breaking: Vitalik Buterin Charts Path to Decentralized Ethereum Staking

September 30, 2023
Next Post
Ripple’s XRP Price In Danger Zone, Will It Go Up Or Crash Down Harder?

Ripple’s XRP Price In Danger Zone, Will It Go Up Or Crash Down Harder?

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

Top 3 DeFi Tokens That May Skyrocket In March

Top 3 DeFi Tokens That May Skyrocket In March

March 15, 2023

US Congressmen Warn Fed’s Jerome Powell Over Stablecoin Bill

August 28, 2023
Top 5 Altcoins Under $100 With Great Utility Demand

Top 5 Altcoins Under $100 With Great Utility Demand

December 26, 2022

Season of Bitcoin “Long Liquidation” is Over: JPMorgan Analysts

August 25, 2023
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In