The current crypto bear market has induced panic, fear and uncertainty in investors. The dire situation started when the global crypto market capitalization dropped below the $2 trillion mark in January 2022. Since then, the price of Bitcoin (BTC) has decreased by over 70% from its all time-high of $69,044.77 it reached on November 10, 2021. Similarly, the values of other major cryptocurrencies such as Ethereum (ETH), Solana (SOL), Avalanche (AVAX), and Dogecoin (DOGE) have decreased by around 90%. So does history tell us anything about when the bear market will end? Let’s start by examining the causes of the …

Bitcoin (BTC) failed to break $20,000 despite a new weekly high on Oct. 18 as market watchers waited for action. Bitcoin meanders as stocks climb Data from Cointelegraph Markets Pro and TradingView showed BTC/USD defying volatility once again on the day. The pair stayed noticeably stable despite stronger moves for United States equities at the Wall Street open. At the time of writing, the S&P 500 and Nasdaq Composite Index were up 1.5% and 1.2%, respectively. “We are now witnessing another well overdue relief rally in stocks,” financial commentary resource the Kobeissi Letter told Twitter followers. “After over a month …

The S&P 500 and the Nasdaq Composite fell to a new year-to-date low last week and closed the week with a loss of 1.55% and 3.11% respectively. The scenario changed drastically on Oct. 17 after earnings season ramps up and a sharp policy reversal from UK finance minister Jeremy Hunt added detail to the government's plan to fix his predecessor's (Kwasi Kwarteng) fiscal package which triggered a record fall in the value of the GBP and a near liquidation of pension plans in the United Kingdom. At the time of writing, the Dow is up 1.78%, while the S&P 500 …

Bitcoin (BTC) headed toward $20,000 as United States equities gained at the Oct. 17 Wall Street open. Stocks climb as U.S. dollar heads lower Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $19,672 on Bitstamp, up 3.5% versus the weekend’s lows. The pair rose in line with stocks, with the S&P 500 and Nasdaq Composite Index gaining 2.7% and 3.2%, respectively within thirty minutes’ trading. The action combined with weak U.S. economic data in the form of the Empire State Manufacturing Index, which fell to -9.1 for October, heavily below the forecast -4.3 and September’s -1.5 reading. “Manufacturing …

While Bitcoin (BTC) investors may not consider the U.S. midterm elections as a significant event, an eerie fractal from 2018 may provide a clue to what could happen before the year ends. Bitcoin to hit $12K-$14K after midterms? Comparing Bitcoin's price actions that led to the midterm elections of 2018 with the ones in 2022 shows a strikingly similar bear market trend. For instance, BTC price trended lower in 2018 while holding a horizontal level near $6,000 as support, only to break below it after the midterm elections. In 2022, the cryptocurrency has halfway mirrored this trend. Its price now …

This week, Bitcoin’s (BTC) price took a tumble as a hotter-than-expected consumer price index (CPI) report showed high inflation remains a persistent challenge despite a wave of interest rate hikes from the United States Federal Reserve. Interestingly, the market’s negative reaction to a high CPI print seemed priced in by investors, and BTC’s and Ether’s (ETH) prices reclaimed all of their intraday losses to close the day in the black. A quick look at Bitcoin’s market structure shows that even with the post-CPI print drop, the price continues to trade in the same price range it has been in for …

If you were to hang around crypto traders this week, you would hear three phrases repeatedly muttered: “volatility,” “bond prices” and the potential of a “sharp move” in Bitcoin (BTC) price. Multiple analysts have placed emphasis on Bitcoin’s range-bound price action, leading some to question whether this is a sign of a market bottom, or even a decoupling from equities markets. In a recent “The Week On-chain” newsletter, Glassnode analysts said: “Recent weeks have seen an uncharacteristically low degree of volatility in Bitcoin prices, in stark contrast to equity, credit, and forex markets, where central bank rate hikes, inflation, and …

This week, Bitcoin (BTC) raised investors’ hopes and then left them high and dry again. Traders placed a majority of their attention on BTC price pushing through a long-term descending trendline resistance, but according to Cointelegraph analyst Ray Salmond, “BTC price simply ‘consolidated’ its way through the trendline by trading in a sideways manner where price has been range bound between $18,500 and $24,500 for the past 114 days.” At the time of writing, BTC’s price continues to battle at $20,000, and it’s uncertain whether or not the level will hold as support. Data from on-chain analytics firm Whalemap shows …

The United States nonfarm payrolls increased by 263,000 in September, marginally below the Dow Jones estimate of 275,000, but the unemployment rate dropped to 3.5% compared to the forecast of 3.7%. Some analysts believe the report shows that the jobs market remains strong in spite of the Federal Reserve’s efforts to slow down the economy and that could encourage the Fed to go ahead with another aggressive rate hike in its next meeting in November. This led to a sharp fall in the U.S. equities markets on Oct. 7. Although Bitcoin (BTC) has traded in close correlation with the U.S. …

Connecticut-based advisory firm Tuttle Capital Management has submitted a preliminary prospectus filing with the U.S. Securities and Exchange Commission (SEC) for two new exchange traded funds (ETFs) centered around betting against the investment tips from Jim Cramer. Cramer is the host of CNBC’s Mad Money, and has become a popular meme in the crypto and stock community, who believe he has an uncanny knack of giving investment tips that end up being way off the mark. In relation to crypto, one of Cramer’s most notable tips was to buy Coinbase stock COIN when it was “cheap” at $248 in August …

On Oct.4 and Oct. 5 Bitcoin (BTC) took another step through the $20,000 mark, bringing the price above a long-term descending trendline that stretches all the way back to Apr. 22, or Nov. 15 depending on one’s style of technical analysis. Some traders might be feeling a bit celebratory now that price trades outside of the descending trendline, but have any relevant metrics or macro factors changed enough to support a bullish point-of-view for Bitcoin price? In reality, BTC price simply “consolidated” its way through the trendline by trading in a sideways manner where price has been range bound between …

The stock market’s movements in the next few weeks will be critical for determining whether we are heading towards a short-term recession or a long term-one, according to forex trader and crypto analyst Alessio Rastani. During the October-December 2022 period, the analyst expects to see the S&P rallying. "If that bounces or rally fails and drops back down again, then very likely, we're entering a long-term recession and something very close to similar to 2008", said Rastani in the latest Cointelegraph interview. According to the analyst, such a recession could last until 2024 and would inevitably negatively impact the price …