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Financial markets commonly use the term "bull or bear market" to describe the general direction of prices over a period of time.
Traditionally, they referred to stock market trends, but in the modern crypto age, the same terminology now applies to digital currency markets as well. So where did these evocative animal-inspired terms come from?
Join us in this blog as we find out the answer to the question above and dive deeper into each bull and bear market concept in terms of cryptocurrencies. Let’s start to explore!
Legend has it. Their origins in “bull” and “bear” terms can be traced to early 18th-century England at the London Stock Exchange. People believed that observing the behavior of bears and bulls could predict trends in financial markets.
Generally speaking, bulls, like animals, are aggressive and more likely to charge forward; hence, a "bull market" implies rising prices. Bears, on the other hand, tend to be more reserved or withdrawn in nature; thus, a "bear market" suggests falling prices.
While the actual zoological links may be dubious, the terms have stuck and remain deeply embedded in our financial vocabulary today, especially in the world of cryptocurrency.
A bull market describes a period where crypto investment prices are rising at a faster than average rate, extending over a prolonged period of months or years. Markets reach new record highs as optimism abounds, and positive sentiment leads to surging demand.
During a crypto bull market, prices escalate rapidly upwards, driven by new adoption, innovation, hype, and exuberance rather than any change in underlying economic fundamentals.
Several factors can ignite a bull cycle in cryptocurrency markets. Prominent triggers have included:
Here are the common characteristics of a crypto bull market:
Although it is impossible to predict the future with certainty, bull markets typically end when one of several conditions is satisfied. These are:
These conditions lead to negative sentiment taking over, marked by rapid price declines. A bull market is defined by prolonged periods of rising market prices powered by positive investor sentiment, mass participation, and speculative mania—until euphoria evolves into its opposite, fearful pessimism.
The term "bull run" specifically refers to sharp, short-term spikes within an existing long-term bull market. It describes periods often lasting just weeks or months where parabolic price growth accelerates even further, with double-digit weekly gains.
During a crypto bull run, buying pressure overwhelms selling as the herd mentality kicks in. Epic crypto bull runs have included Bitcoin's explosive rallies from $1,000 to $20,000 in 2017 and again from $10,000 to nearly $65,000 in 2021.
When prevailing sentiments shift negative, markets enter a "bear market," the polar opposite of a bull phase. Bear markets are characterized by widespread pessimism, declining prices, and a shift to risk-taking attitudes.
Traditionally defined as a 20% drop from recent highs, bearish cycles see prices slide lower as widespread selling takes hold.
As with bull markets, there can be multiple catalysts precipitating a crypto bear market. These include:
Here are the common characteristics of a crypto bear market:
As mentioned earlier, understanding the differences between bull and bear market phases helps shape well-informed investment strategies. Let's explore a few key differences between the bull vs bear market!
Here are the key differences between the bull and bear markets:
So, is it better to buy in a bull or bear market? Both scenarios present potential opportunities and risks. Let’s explore each scenario in detail!
Bull markets offer rapid upside yet elevate the risk of short-term corrections. Prices may already reflect unrealistic excitement. Bear markets typically result in lower entry prices, but the presence of a bottom remains uncertain. The downside potential remains if prices slide deeper.
Historically, the gains achieved during a new bull market often far outweigh the losses of the preceding bear cycle. Dollar cost averaging into both bull and bear phases can achieve average prices and smooth volatility over time.
Regardless of market conditions, having a strategic, long-term investing mindset and sticking to fundamental analysis of projects serves investors well through different cycles.
Understanding historical bull and bear market phases fosters a prudent investing mindset based on facts, not fear or greed. While short-term volatility seems inevitable, those focusing on solid fundamentals tend to perform better over the long haul with this nascent technology and asset class.
During periods of market turbulence, EURK, the euro stablecoin, provides much-needed price stability, backed 1:1 by real cash in trusted bank reserves in Switzerland. The EURK provides a safe haven for hedging against volatility or facilitating borderless value transfers with efficiency.
As the best euro stablecoin, EURK offers transparent transactions that are fast and secure. Therefore, instead of experiencing negative impacts in crypto cycles, you can adapt stablecoins, such as EURK, into your projects for security and stability.
Secure euro stablecoin platform EURK provides this security to its users with its 1:1 peg to euro currency and fosters decentralized finance benefits. You can easily buy EURK on Coinstore and KoinBX with your euro stablecoin wallet and explore the benefits EURK EUR stablecoin offers for your projects!
In this article, we have explored the origins and definitions of bull and bear markets, highlighted some notable past crypto cycles, and compared characteristics and driving forces between the two phases. We outlined key differences and approaches for investing during bulls versus bears.
While short-term volatility in crypto remains, understanding patterns of history equips participants with the perspective to identify opportunities amidst turbulence. Staying informed on market dynamics helps shape wise investment decisions over time.
EURK plays an important role by offering accessibility, transparency, and stability within a dynamic digital asset environment. If you want to explore stability over volatility with stablecoins, EURK is here for you as the top stablecoin. Become a partner today with EURK and dive into the world of EUR stablecoins!
