A great majority of cryptocurrencies like bitcoin and ethereum are down between 57% to over 80% against the U.S. dollar.
and the S&P 500. This could mean that the crypto bear market won’t end until the stock market bear run is finished.that the S&P 500 has recorded a total of 19 bear market cycles. The average duration for each cycle was roughly 289 days and the S&P 500’s average bottom was 37.3% lower than the ATH.
If cryptocurrencies are to follow the pattern, it could mean the bearish sentiment could last another three months longer, if history repeats and digital assets continue to follow the current correlation with equities. Unfortunately for crypto investors, S&P 500’s average drop of 37.3% is nothing like the lows the crypto economy has seen during extreme capitulation. Three bitcoin bottoms have been more than 80% lower than the ATHs recorded during the bull cycle.
While the top ten crypto assets are down 57% to over 80% already, prices could go much lower. An 80% drawdown from ’s $69K high would be $13,800 per unit and an 80% cut in ether’s ATH value would result in a price of $970.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Concord Japanese-American students get honorary diplomas 80 years after internmentOne high school in Concord on Tuesday night is awarding diplomas to Japanese-American students who were pulled from the campus during World War II.
Baca lebih lajut »
Up 80% in 24 Hours: What Is Behind Tranchess' (CHESS) Recent Spike?.Tranchess spikes up 80% amid negative market: What happened? chess bnbchain
Baca lebih lajut »
Pfizer: 3 COVID vaccine doses are 80 percent effective for kids 5 and underThree doses of the Pfizer-BioNTech COVID-19 vaccine were roughly 80 percent effective at preventing infections for children ages 6 months to 5 years old, according to trial data Pfizer released Monday.
Baca lebih lajut »
Bloodbath: Half of Top 30 Cryptocurrencies 80% Below ATHAs Bitcoin is over 60% down from ATH, getting stuck below $30,000, 15 of the top 30 cryptocurrencies have dropped by over 80% from ATHs.
Baca lebih lajut »
Pfizer Says Their COVID-19 Vaccine For Kids Under 5 Is 80% Effective Against OmicronPfizer said in preliminary findings in a subset of a clinical trial indicate that 3 doses of the vaccine are 80% effective in preventing symptomatic infection.
Baca lebih lajut »