The post Experts Warn of a Prolonged Bear Market appeared on BitcoinEthereumNews.com.

The cryptocurrency market is experiencing a steep decline, and this downtrend may not end anytime soon. Several factors have contributed to the ongoing crash, from geopolitical tensions and trade wars to market-wide sell-offs and growing investor uncertainty. Trade War Sparks Sell-Off in Cryptos One of the primary reasons behind the sudden crash is the trade war initiated by former U.S. President Donald Trump. Over the weekend, Trump imposed heavy tariffs on imports from Mexico, Canada, and China, sparking fears of economic instability. As a result, investors rushed to de-risk, leading to a sharp decline in cryptocurrencies. Bitcoin fell below $100,000, dropping to $95,722 on Monday. Other cryptocurrencies experienced even steeper losses, with Ethereum plummeting 12% to $2,600 and the broader crypto market shedding 16% since Saturday. Many traders have been forced to de-leverage their positions, anticipating further volatility as global markets react to these policy changes. Peter Schiff Predicts a “Long Crypto Winter” Well-known Bitcoin skeptic Peter Schiff warned that the current market downturn could extend into a prolonged bear market. He pointed out that Bitcoin is down 7%, while Ethereum saw a 33% decline in a single day. According to Schiff, this signals the beginning of a “long crypto winter,” where prices could remain suppressed for months. On the other hand, Bitcoin advocate Michael Saylor maintains a bullish outlook, urging investors to “never sell your Bitcoin.” While long-term holders may see this as a buying opportunity, the immediate outlook remains highly uncertain. Asian Crypto Stocks Take a Hit The impact of the crypto crash has not been limited to digital assets alone. Asian crypto stocks have also suffered significant losses. Metaplanet, Japan’s equivalent to MicroStrategy, fell 9.44% on the Tokyo Stock Exchange, while SBI Holdings dropped 3.60%. In Hong Kong, OSL Group and Boyaa saw declines of 2.69% and…

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Filed under: News - @ February 3, 2025 3:26 pm