But, the price of Bitcoin has gone up this whole entire year. I'm not sure I understand the logic on that one.. Just a few weeks ago we hit $10,000/BTC. At the beginning of the year, we were sitting at below $4,000. We may be down a bit from the last all time high, but I'm not really sure you could call this a bear market either with the price tending upward.
This is exactly what I keep pointing out to people whose memories are so bad. We are still above 100% gains from the yearly low and people are talking bear bear bear.
For sure, we are way down compared to ATH for almost all crypto, but the fact is, the ups and downs are normal and to be expected, especially with crypto. IF people were expecting bulls so fast they are in the wrong market.