Are We in a Crypto Bear Market? Why Lower Rates Aren’t Helping (For Now)
Bitcoin is holding to dear life near the $110k level, currently trading at $109,786. After immense selling pressure over the week, the market-leading crypto asset is clinging to the current level amidst what seems to be the start of a bear market.
This is far from exclusive to BTC, however. In fact, altcoins took an even larger hit as investors left the market. Ethereum is down by over 10% in the week, while assets like Solana and Dogecoin are seeing losses of up to 14% in that same timeframe.
This sharp market correction caught many investors by surprise. Over the past four days, we witnessed over $4.6 billion in liquidations, prompting hundreds of thousands of traders to close their positions at a loss.
The overwhelming majority of…
