Wall Street

Cryptoverse: Is the end of the bitcoin winter nigh?

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Reuters UK

By Medha Singh and Lisa Pauline Mattackal (Reuters) – The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now? Bitcoin’s limited history isn’t much of a guide on crypto winters, which we’re defining as prolonged bearishness for a month or more. There have been five since 2017 and three since 2021. Last year’s two crashes lasted 14 and 10 weeks and caused bitcoin to lose 45% to 47%. If they were typical,…

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