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Is Bitcoin Already in a Bear Market?
As of April 7th, 2025, the price of Bitcoin has dropped to $76,896 according to CoinGecko data. This significant decline has led many investors and analysts to question whether Bitcoin is already in a bear market.
CryptoQuant CEO Ki Young Ju recently made headlines by stating that Bitcoin is already in a bull market based on the stagnant market capitalization despite increasing realized cap. This means that large purchases are not being able to push the price higher due to intense selling pressure.
On the other hand, financial commentator Peter Schiff has predicted that both Bitcoin and other cryptocurrencies will continue plummeting lower. He believes that none of these tokens have any real value, including Bitcoin, which is why they are all headed downwards.
In conclusion, while there is no clear answer as to whether Bitcoin is already in a bear market or not, the truth is that this cryptocurrency’s price has dropped significantly and investors should be cautious moving forward.
Source: https://u.today/bloomberg-veteran-shares-fascinating-observation-about-xrp-and-bitcoin
