Summary
- Jason Yanowitz reported that the current crypto market is experiencing a correction during a bull market rather than a bear market.
- He stated that Bitcoin (BTC) fell by up to 56%, Ethereum (ETH) by 61%, and Solana (SOL) by 67%.
- He added that there's only a 20% possibility that the halving cycle has ended.
According to crypto-specialized media Blockworks on the 28th (local time), Blockworks co-founder Jason Yanowitz stated that "the current crypto market has not entered a bear market" and added that "there's an 80% probability that a correction is occurring during a bull market."
He continued, "In 2021, Bitcoin (BTC) fell by up to 56%, Ethereum (ETH) by 61%, and Solana (SOL) by 67%," adding that "there's only a 20% chance that the halving cycle has ended."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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