Bitcoin Falls 20% From October Record High, Enters Bear Market
The cryptocurrency’s price drop marks a shift into bear market territory, defined as a decline of 20% or more from recent highs.
BTC
Summary
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Terms & Concepts
- Bear Market: A period in which the price of an asset declines by 20% or more from its recent peak, signaling a prolonged downturn.
- Record High: The highest price level ever reached by an asset over its trading history.