On Aug. 3, CEO and founder of MN Trading, Michaël van de Poppe, reported on the current state of the crypto market and the lengthening crypto winter.
Altcoin investors are slowly losing faith in the markets as they are still not moving at all, he said.
Furthermore, altcoin markets have been trending downwards since May 2021 in a bear market that “has already lasted for more than two years.”
It has been the “longest existing bear market for cryptocurrencies.”
Investors Perspective in Crypto Markets Follows History
I’ve seen many people suggesting that we’ll see Bitcoin drop to $12,000 and altcoins to have another capitulation. I don’t think we’ll have that and in this post I’ll explain why.
Altcoin investors are slowly losing… pic.twitter.com/eP6pR14Zr5
— Michaël van de Poppe (@CryptoMichNL) August 3, 2023
Longest Bear Market Ever
He added that it is hardly surprising considering what happened in 2022, with several major collapses and a raft of regulatory press
We współpracy z: https://cryptopotato.com/did-you-know-this-is-the-longest-crypto-bear-market-ever-as-altcoins-languish-regulation-looms-and-tradfi-encroaches/
