Bitcoin and Ethereum Face Significant Declines Amidst Crypto Bear Market
Bitcoin and Ethereum Face Significant Declines Amidst Crypto Bear Market
The broader crypto market is showing signs of a bear market, with major cryptocurrencies Bitcoin and Ethereum experiencing substantial year-to-date and year-on-year declines. Bitcoin is reported to be down nearly 24% YTD, while Ethereum has fallen approximately 34% over the same period, reflecting weak sentiment across the market. However, analysts note that some altcoins are defying this trend.
The crypto bear market seems to be taking form. Bitcoin and Ethereum remain under pressure, with Bitcoin down nearly 24% year-to-date and about 22% year-on-year, while Ethereum has fallen roughly 34% YTD and over 30% across the same period. The broader market continues to reflect weak sentiment. Yet, BeInCrypto analysts have identified three altcoins that