NFT prices take a gut punch as the crypto bear market deepens
NFT sell volume declines sharply after Terra’s blow up led to stablecoins dropping their peg and Bitcoin’s dip below $30,000 raises fear of a prolonged bear market. Without fail, crypto has a way of humbling even the most self-assured and this market is definitely not for the faint of heart. NFT investors have entered what appears to be a bear market and the recent chaos is also impacting community morale. The decline in NFT prices occurred as the United States Federal Reserve raised interest rates, Terra’s Luna and UST-based platforms collapsed and traders came to terms with the reality....
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For experienced investors, a bear market is nothing out of the norm. It has happened in the past, and it will happen again — even in cryptocurrency. The majority of new investors are in the middle of their first crypto winter, during which most digital assets have depreciated by more than 70% from their November 2021 highs. While a bear market is tough for everyone, it can be especially challenging for those who are new to the space and don’t have much experience dealing with market volatility.That said, there are still opportunities to earn passive income during a bear market — crypto....
The NFT market has taken a good hit during the latest iteration of the crypto market bear run. But not all collections have lost favor in the eyes of investors, though. Notable collections such as CryptoPunks and Bored Ape Yacht Club continue to maintain their high floor prices. Even during the bear market, where the […]
Cardano is showing some toughness in a time when its peers are just about to crack under pressure. The bear market is hammering the cryptocurrency market, with the majority of cryptocurrencies now trading at prices not seen since the middle of last year. However, this decline has created an opportunity for crypto investors to purchase […]
Crypto markets were bleeding red today as a deep sell-off tanked prices across the board. While Bitcoin FUD has been dominating headlines, it was alts that suffered most. Alts Get The Raw End Of The Sell-Off The total crypto market cap fell 32%, losing some $600 billion at its lowest point today. Although late lunchtime […]
Crypto analysts and researchers explain the bear market as a period in which supply exceeds demand, morale falls, and prices decrease. As such, a bear market is a market that has experienced consistent or significant falls. A bear market is defined as any stock index or specific stock that has declined by at least twenty percent from its most recent high. As depicted here, “consistent falls” or declines refer to lengthy durations of downward oscillations. Ideally, markets are volatile on a daily (or even moment-to-moment) basis. Various factors can cause bearish markets,....