Bear markets hurt cryptocurrencies just like they hurt any other asset type. However, they might be more severe and long-lasting than downturns in other industries.
So how do you characterize a bear market in the cryptocurrency space, what's often referred to as a “crypto bear run”? Again, there is no concrete answer to this. Generally, however, when asset prices drop by 20% or more and continue to decline for weeks, it is indicative of a bear market.
