When did the crypto bear market start in 2024 and what were the main factors that caused it?

3 answers

• Bhanu Pratap SinghMar 21, 2023 · 2 years ago
  The crypto bear market in 2024 started in the second quarter. It was primarily caused by regulatory crackdowns on cryptocurrencies by various governments around the world. These regulations created uncertainty and fear among investors, leading to a significant decrease in demand and a subsequent drop in prices. Additionally, concerns about the environmental impact of crypto mining and the increasing competition from central bank digital currencies also contributed to the bearish sentiment in the market.
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• Spencer EppMay 27, 2022 · 3 years ago
  In 2024, the crypto bear market began in the first half of the year. The main factors that triggered this downturn were the tightening regulations imposed by governments on the crypto industry. These regulations aimed to address concerns related to money laundering, fraud, and investor protection. The increased scrutiny and uncertainty surrounding the regulatory landscape led to a loss of investor confidence, resulting in a decline in crypto prices. Other factors, such as market manipulation and the bursting of speculative bubbles, also played a role in the bear market.
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• Fares KarimAug 19, 2021 · 4 years ago
  The crypto bear market of 2024 started around May. The main factors that caused this downturn were the increased regulatory actions taken by governments worldwide. These actions were driven by concerns over the potential risks associated with cryptocurrencies, such as money laundering and tax evasion. The regulatory crackdowns created a negative sentiment in the market, leading to a decline in prices. Additionally, the market was also influenced by factors like market manipulation, the burst of speculative bubbles, and the overall economic conditions at the time.
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