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In the past month or so, bears have ruled the cryptocurrency market.
You may not think that’s a very long time, but given how fast the cryptocoin market moves, this is not some temporary flash crash. It’s a hefty correction that threatens to turn into a bear market, akin to Bitcoin’s slump in Jan. 2014, when price went down for about a year before they started rising again.
At roughly 137 billion dollars, Bitcoin is still the largest cryptocurrency by market cap, and it’s still leading the market; when Bitcoin experiences a big drop, other coins follow.
