The last few months have been marked by a correction in the crypto industry, and as you know, the price of BTC briefly went below 18,000 USD, which is a considerable drop from the latest ATH (All-Time High) of November last year. Analyst Nikolaos Panigirtzoglou from JPMorgan also commented on the topic, saying that the worst of the bear market is behind us, with the crypto market experiencing the biggest bear market in its history since last month. According to him, the current bear market is slowly but surely coming to an end.
The fact that the market fell was clear to many, considering the growth of the entire crypto market last year, but also incidents like the collapse of the Terra Luna project took the entire crypto market with it and caused panic among investors and this followed another fall. However, as we reported, Panigirtzoglou believes that this period will end soon while maintaining a positive attitude thanks to healthy venture capital investments in crypto projects, which is good news for the entire crypto community.