News & Feeds September 25, 2022

Is the Price Bottom in for BTC in This Crypto Bear Market?

Macroeconomic headwinds are currently in the driver’s seat as the U.S. Federal Reserve has announced an interest rate hike of 75 basis points this past week. However, the ultimate panic moment has yet to arrive. With this being the case, BTC may or may not have reached its price bottom.

Looking at the history of Bitcoin (BTC) market cycles, on-chain data shows the consistency in which the price of BTC falls below its realized price during the depths of a bear market. Previous cycles have proven that this is not a once-off event but rather one that also comes with duration.