At what point did the bear market start impacting the value of digital currencies?

1 answers

• masome zareiJul 09, 2024 · a year ago
  At BYDFi, we observed the bear market starting to impact the value of digital currencies in early 2018. As a decentralized exchange, we saw a significant decrease in trading volumes and liquidity during this period. The market sentiment shifted from bullish to bearish, and many investors became cautious and hesitant to invest in digital currencies. The decline in value was primarily driven by a combination of factors, including regulatory uncertainty, negative media coverage, and a general market correction. However, it's important to note that the bear market also presented opportunities for traders to profit from short-selling and other strategies. Overall, the bear market had a significant impact on the value of digital currencies, but it also played a crucial role in shaping the market and improving its resilience.
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