Crypto price action for the last month or so has hit a noticeable lull. The euphoria of November 2021’s highs now seems a distant memory. With that, talk of the onset of a new bear market is back on the agenda.
However, despite the lull in price action, at this point, there is ongoing debate regarding whether the bear market is back or not.
This is likely because a universally accepted definition of a crypto bear market does not exist. Nonetheless, borrowing from the TradFi definition, crypto research platform Mosiac define it as a 20% or greater drop in price for more than two months.
“we define a bear market as a minimum of a 20 percent drop in price lasting for at least 2 months in time.”
Based on the arbitrary starting point of November 10, 2021, when the total crypto market cap was $2.9 trillion, by the TradFi definition, we entered the bear market on January 10, 2022.
The 2017 to 2020 bear market was brutal
The last bear market, which ran from December 2017 to December 2020
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