[{"category":{"name":"Trending News","exported_url":"trending-news"},"id":"be413272-132a-4665-9b10-5f6434f3a183","updated_at":"2022-11-23T09:16:11.706522+00:00","account":{"firstName":"Akash","lastName":"Kashyap"},"description":"Let's investigate this detrimental impact with Bitscreener to better grasp the state of the bitcoin industry.","sapo":"The terms "Crypto Winter," "Winter Crypto," and "Crypto Bear" is frequently used to characterize challenging periods in the cryptocurrency market. These expressions have grown in popularity since the most recent crashes in the bitcoin and blockchain markets.","title":"Crypto Winter - Crypto Bear Market Last Longer","content":"

According to experts, a flurry of bankruptcies will likely occur in the coming periods as crypto companies affiliated with FTX reveal the extent of their losses. As a result, the Crypto Winter will last longer than expected.

So, what is Crypto Winter? When will this situation end? Will crypto recover in the next future?

Follow this article to get more knowledge about this circumstance!

What is Crypto Winter?

“What does crypto winter mean?” is one of the most popular questions that you might hear when there is a tough time for the cryptocurrency market. “Crypto Winter” is defined as a market for cryptocurrencies that is not functioning well. Similar to a bear market on the stock market, this phrase. A "crypto winter" is characterized by unfavorable sentiment and declining average asset values across a wide range of digital currencies.

We also can call Crypto Winter a Crypto Bear.

Crypto Winter or Crypto Bear Will Last Longer than Expected

DBS Group Holdings analysts Taimur Baig and Chang Wei Liang stated in a recently released research that the collapse of the FTX exchange and associated occurrences had brought the whole crypto market to a lower level.

According to Kyle Klemmer, co-founder of the website Mech.com, "FTX's implosion is going to have a rippling effect. They've got their hands on a lot of stuff."

The crypto community is requesting clarification on the transparency of the biggest exchanges in the world, and December is going to be very difficult, Klemmer continued.

Many investors have stayed away from risky and unpredictable assets like cryptocurrency due to rising inflation and banks tightening monetary policy.

A notification halting withdrawals from the Gemini Earn product, as well as new loans and buybacks, has to be published by the Gemini Exchange.

The Wall Street Journal has reported that cryptocurrency lender BlockFi is getting ready to declare bankruptcy as a result of BlockFi's financial difficulties following the collapse of the FTX exchange.

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Will Crypto Recover in 2022?

Of course, the real question is whether the industry will recover. The topic is relatively challenging to answer because cryptocurrencies like bitcoin and others do not have the same foundations as publicly listed companies.

Investors value the firm's shares because it produces cash flow. Typically, a dividend will be paid out to shareholders as a portion of the company's profits.

As a result of its speculative nature, a cryptocurrency's future value cannot be determined on a basic basis.

We are approaching the point where the cryptocurrency industry will dominate the conventional financial markets and prevent their recovery. It is uncertain if we have already arrived.

When cryptocurrency is developed correctly and used more for societal elements like money, its recovery will be more apparent.

When Will Crypto Recover?

Some analysts predict that in April 2023, the bitcoin market will resume its upward trend. When the 80-week bear market ends, a bull market might start, according to Kevin Svenson, around April.

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But watch out for hype. Markets and influencers are well aware that avarice sells. Be skeptical of predictions that Ether (ETH - $1,166) will increase tenfold by 2023. In addition, despite such promises, Bitcoin is extremely unlikely to reach $100,000 or even get close to it.

Explore more crypto insights and trending news with our Blogchain.

Meanwhile, play trading games and earn real tokens with CryptoSim - A virtual Trading Game.

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Crypto Winter - Crypto Bear Market Last Longer

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