Many people could assume that the Medved crypto market began in February. Nevertheless, a review of diagrams reveals a longer story of sobering statistics.
Actually, Altcoins were in decline from December 8Field
Certificate of bear market everywhere this week. The CoinmarketCap fear and greed index is in decisively bear 26, while other indices, such as the mood of the crypto -market and the Altcoin season, are at the same gloomy 27 and 24 levels, respectively.
Not only did the ETF Spot Bitcoin (BTC) experienced their worst one day of outflows in history on Tuesday.
The rewinding in January, however, almost no one predicted such a decline. Indeed, the market capitalization of crypto assets as a whole remained within 3% of its record high level during the inauguration of Donald Trump on January 20, 2025.
Nevertheless, a closer look at this obvious stability shows that the BTC did most of the hard work, marking its record maximum about 108,800 dollars on this particular day.
All other crypto -acts, on the contrary, on the contrary, It was already on the bearish for six weeks every day I took officeIndeed, the altcoins market capitalization reached a peak at the level of 1.9 trillion dollars on December 8, 2024 and never restored this level.
Early in the morning on Wednesday Altcoins decreased by more than a third And cost less than 1.2 trillion dollars.
Three months of decline in altcoins
The roots of this last bear market stretch much further than February 2025. In fact, this is almost a financial quarter.
Read more: Strategic transactions with nine months with several bitcoins
Although the superiority of Bitcoin temporarily hid the decline in the market in early December, Trump’s inauguration day was clearly on the day when investors fully appreciated their optimistic expectations through BTC.
With a small number of additional catalysts on the horizon and an avalanche of negative news, such as the world’s largest hacker hack and double the price of Michael Seilor’s shares, an almost three -month bear market is a mathematical reminder of the cyclic volatility of Crypto.
