A cryptocurrency market is bullish when investors are optimistic and demand for cryptocurrencies is high. A cryptocurrency market is bearish when investor confidence is low and prices are dropping.
Here are some characteristics of a bull market:
Rising prices
Increased trading volume
Strong market sentiment
Positive news
Here are some signs of a bear market:
Prices dropping over a prolonged period
Demand for assets falling
Low investor confidence
Increase in hyperbolic media reports about ``crypto meltdowns'' or ``crypto armageddon''
Neophytes fleeing the market
A bear market is a general market crash, typically when the market has lost more than 20% of its value.
This is not professional financial advice. Consulting a financial advisor about your particular circumstances is best.
