Where Ethereum And Bitcoin Are Going In This Bear Market?

• Crypto market havoc is still persistent, with neither of the digital assets in the sector witnessing any sharp corrections in their values.
• As of this writing, Bitcoin was still dominating the market with a market value of $19,774, whereas its rival Ethereum was trading at a market value of $1,130, at the time of writing.
• The crypto sphere stands with a total market capital of $893.99 Billion, with a minor increase of 1.81% during the past 24 hours.

Q3 2022 To Bring More Losses?

Crypto market continues to inflict pain to the folks, and it appears like skies are not going to get clear for quite some time. Leading cryptocurrencies in the market, Bitcoin and its fierce rival Ethereum, are going through one of their worst periods at present.

The bear crypto market has increased the longing in traders for profits from their holdings. Q3 2022 is not far, and folks are still skeptical whether the bulls are gonna take charge and rush the bears away, or bears will keep dragging the market down with them.

Performance of the crowned asset, Bitcoin, during the previous month was one of the most poor price actions it has ever witnessed since its inception. The cryptocurrency has plunged by about 38% during the previous month.

Over the previous week, Bitcoin is consolidating in the range of around $20,000, the ATH price back in 2017. It even broke the $19,000 support level during mid week, but returned to the consolidation of $19K-$20K.

As this article was being written, Bitcoin was trading at the market price of $19,774, up by around 1.3% during the past 24 hours.

Ethereum, the fierce rival of Bitcoin, was seen sailing the similar boat, and there isn’t any visible optimism in its price levels.

Additionally, many analysts believe that Ethereum and Bitcoin are yet to witness losses in the upcoming weeks.

It is worth noting that Bitcoin has experienced more than 57% of losses during the quarter, while Ethereum witnessed over 67%.

At the time of publishing, Ethereum was trading at the market value of $1,130, down by 7.6% during the past week.

The crypto sphere is going through major havoc at present, where many traders are fleeing from the market, while some are holding the bullish perspective and are thinking of buying the dip.

Anurag S

Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.