We are now in the longest bear market ever

02 Feb, 2019 | Updated: 02 Feb, 2019
by Richard Allen
News
We are now in the longest bear market ever

Today marks a new record in the cryptocurrency world: we have officially entered the longest crypto bear marketin history.

Today marks the day where we have experienced 411 straight days of crypto winter, longer than any other in Bitcoin’s existence. Since it’s peak in December 2017, Bitcoin’s price has been steadily slipping.

The previous record for crypto’s prolonged downward momentum happened between the end of November 2013 and the beginning of January 2015. During that time, Bitcoin fell from $1,100 to $200.

And the depressed market has taken its toll. ConsenSysBitmain, STEEM, and NEM have all credited the bear market with their dwindling financial resources.

Many crypto experts have taken a swing at predicting when the next bull run will occur, though nobody knows for sure. However, according to research from Delphi Digital, the bear market should make a turnaround sometime in Q1 of 2019.

Read more: When will the next cryptocurrency bull run occur? 8 expert opinions

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