Crypto winter has 250 days left if the market cycle repeats: Grayscale
Cointelegraph
Published Jul 18, 2022 07:31AM ET
Updated Jul 18, 2022 09:20AM ET
Grayscale Investment's latest Insight report provides interesting food for thought, pinning the start of the current bear market in June 2022, which could last another 250 days if previous market cycles are to repeat themselves.
Grayscale notes that cryptocurrency markets mimic their conventional counterparts with cyclical movements. Bitcoin (BTC) market cycles conventionally last 4 years or approximately 1,275 days. The firm defines a cycle when the realized price of BTC moves below the current market price.
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Written By: Cointelegraph
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