Bitcoin, Ethereum and Big Eyes Coin are all headed for the bull market
The most important thing to understand about bear markets is that they are incredibly short compared to bull markets. It can come as an unexpected blow when you look at the investments in your account and feel that the declines will never end. However, the average stock market bear market from 1929 to 2022 lasted about 9.7 months, as measured by a significant drop of 20% or more 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 around $16,500 in early January. Meanwhile, Ethereum’s value has nearly doubled from the end of June 2022 at $1,071, and Big Eyes Coin (BIG) has raised $35 million in a presale that is still ongoing.
Bear markets can be terrible for investors, but fortunately, the agony is usually short-lived. It is natural to be anxious about the possibility of a bear market in the near future. However, most investors shouldn’t be worried about a bear market, and you know why? Because the bear market is finally over.
Bitcoin (BTC) exits hibernation
Bitcoin has been growing for four months, an exceptional event in history. This pattern has never before resulted in new lows, suggesting that the Bitcoin bear market may have ended.
Since then, Bitcoin prices have doubled, with the financial crisis now shifting to Silicon Valley-based First Republic reviving interest in Bitcoin, Ethereum and crypto.
But as the old banking system faces significant challenges, future events will reveal whether this pattern holds and whether the Bitcoin bear market will end.
Ethereum’s (ETH) fortunes have reversed
ETH’s trading volume has reached $7.54 billion over the past few days, indicating that traders are trying to book low-price gains. Given the small increases reported during this period, it is clear that buyers are generating the vast majority of volumes.
This may seem like a bold claim, but Ethereum (ETH) is expected to start 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 consolidation factor is still included in the price. During the recent bull market, Ethereum reached highs of $4,900.
An additional reason to be optimistic last year was Vitalik Buterin’s statement that Ethereum production was only 55% complete after 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 may be embarking on one of the most incredible bull runs in cryptocurrency history. Over the past few days, the price of Ether has been consolidating.
Big Eyes Coin: The only cat capable of beating the bear
The Big Eyes Coin presale is another success for the crypto industry. This innovative concept will use fintech advances to provide a fast and secure transaction platform. As a result, the currency is likely to pique the curiosity of cryptocurrency investors looking for the next big thing in the industry.
Big Eyes Coin confirmed that the pre-sale would end on June 3, giving investors one last chance to acquire this digital asset. That means you still have time to join the pre-sale by using the unique promotion END300which will give you a 300% bonus from Big Eyes Coin.
Big Eyes Coin, the largest meme currency presale, has already broken records by raising over $35 million in investments. This achievement shows how popular meme-inspired currencies are growing and suggests that similar projects can attract significant support from the crypto community. The project can contribute to market growth.
The future of Bitcoin and other cryptocurrencies remains to be determined due to the challenges faced by the old banking system and the differences in regulatory approaches adopted by different countries.
As the global financial field evolves, governments, banks and investors must constantly track these developments and adjust accordingly to guarantee the secure and profitable future of the cryptocurrency sector.
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