The post Crypto market analysis Altcoins, Bitcoin, and the bear cycle appeared on BitcoinEthereumNews.com.

A variety of unexpected events have hit the cryptocurrency market throughout the year. Since the beginning of this year, the vast majority of the major cryptocurrencies have demonstrated unprecedented stability. Their volatility rate has surpassed even traditional assets like gold and tech stocks. Even so, there are exceptions, such as Bitcoin, whose value is experiencing abrupt increases due to market speculation. Not only is Bitcoin exhibiting signs of growth, but the altcoin market is also signaling the end of the bear market. Let’s delve deeply into the topic to gain a better understanding. Altcoins in the late bear cycle  Most of the altcoins hit their peak way back in mid-2021, making it over 29 months since they have experienced any major growth. However, the mere mention of a Bitcoin ETF getting the SEC’s approval put the market on a pedestal recently. Similarly, the increasing turbulence on the geopolitical front has given Gold a major push. More CEOs and governments are talking about cryptocurrencies, hinting at the market’s revival. The groundwork for the end of the altcoins bear cycle has been laid. All it needs is one major push to break the cycle after 2+ years. Finding the bottom of a bear market is difficult and calls for a multifaceted approach, including technical analysis, fundamental analysis, and market indicators. A few tools or indicators are used for estimating the end of a bear market: the volatility index VIX, market conditions, economic indicators, etc.  Bitcoin dominance  The biggest factor accounting for the end of the altcoin bear cycle is Bitcoin. The crypto recently hit the 30k dollar mark due to market speculation. After rumors surrounding a BTC ETF getting the SEC’s approval circulated, the crypto gained a 10% rise in mere hours. The development helped the entire crypto market get a better…

---

Filed under: News - @ October 19, 2023 4:28 pm