Crypto bull run

When it comes to cryptocurrency, bull-run crypto phrases are more common. Essentially, they’re 40% increases in the asset price over just one or two days. Crypto bull market In financial markets, a bull run is described as an extended period of appreciating prices. In the stock market, a bull run is often described as a period of 20% growth after a period of at least 20% decline. This is in contrast to a bear market when prices are steadily falling. The most recent bitcoin bull run began in 2020, but it isn’t the first bull market the industry has experienced. In fact, there have been three previous bull markets on record that can provide insight into the current bull market.

Having seen what happened in 2017 when the bull cycle ended, I cannot ignore the many similarities despite all the good macro news. More Resources in Cryptocurrency Secondly, TON’s technological advancements address critical issues in the blockchain space, such as transaction speed and network congestion. As more services and applications launch on the TON platform, the demand for Toncoin is expected to surge dramatically. This increased adoption, coupled with Telegram’s massive reach, positions Toncoin to become a major player in the crypto space.

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After the initial surge on the back of the highly anticipated news, markets may quickly pare those gains as wider adoption fails to keep pace. A subsequent correction could take place before an actual bull run begins. ETFs are a big step–but not nearly enough to declare we’ve achieved mass crypto adoption. While the approval of Bitcoin spot ETFs is a big win, I won’t be holding my breath for new all-time highs for crypto asset prices or total value locked (TVL) in the short run. How to identify a crypto bull market This is despite bitcoin, the largest cryptocurrency by market cap, dropping below $55,000 since February this year. Although it gained some value, the flagship crypto still sits at $57,000, struggling to cross the $60,000 mark.