Bitcoin's Bear Market

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About: Bitcoin USD (BTC-USD), Includes: COIN, ETH-USD, GBTC, XRP-USD
by: Victor Dergunov
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Summary

Bitcoin is clearly in a very deep bear market right now.

And despite Bitcoin's severe drop from its highs, most altcoins are performing much worse.

Fewer consumers are taking out mortgages to buy Bitcoin these days. But more are troubled by why they bought Bitcoin near the top in the first place.

Blockchain wallet creation has decreased notably in recent months, suggesting a significant decline in Bitcoin sentiment.

Do you think we've seen the point of maximum pessimism in Bitcoin yet?

Source: Fortune.com

Bitcoin's Bear Market

Bitcoin's (COIN) (GBTC) meltdown resumed in recent days, after the digital asset's brief rebound over the past week. At the time of writing this article, Bitcoin