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Indications Suggesting Endurance of Cryptocurrency Bear Market, as Perceived by Coinbase Expert

Signs of an extended cryptocurrency bear market are becoming apparent, according to Coinbase's primary researcher. David Duong, Coinbase's global research head, posits this in a recent study, claiming that the 200-day moving average (MA) points towards bearishness for Bitcoin (BTC) and the...

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Indications Suggesting Endurance of Cryptocurrency Bear Market, as Perceived by Coinbase Expert

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🌊 Tides of the Crypto World

April 17, 2025

🧠 Inside the Mind of a Crypto AnalystCoinbase's global head of research David Duong has offered some enlightening insights regarding the cryptocurrency market:

🐳 Bear Cub or Full-Grown Bear?BTC and the COIN50 Index (tracking the 50 biggest cryptos) have slipped below their 200-day moving averages (MAs). This trend suggests bearish tendencies that could last for the long-haul[1][4]. When BTC dipped beneath this benchmark in late March, and COIN50 did earlier in February, it hinted at significant shifting dynamics within the market[4].

📉 Cap in Hand- Altcoins Market Cap: Slid 41% from its December 2024 peak ($1.6T to $950B by mid-April), nearly reaching $907B on April 9[3].- Venture Capital Funding: Down 50–60% compared to previous years, pointing to a lack of institutional confidence[3][4].

💡 Sentiment ShiftsDuong suggests that the typical 20% decline benchmark for bear markets doesn't apply to crypto, as market sell-offs driven by public sentiment can spark portfolio risk-aversion prior to deeper losses[4].

🕛 Timing- Recovery Horizon: Mid-to-late Q2 2025 (June-July) could see a market low point, with a bullish rebound projected for Q3[3][4][5].- Sectoral Differences: As Bitcoin's role as a "store of value" grows, future cycles might require sector-specific evaluations[5].

🛡️ Caution AheadDuong recommends a defensive stance on investments for the time being, but he remains hopeful for a market rebound in the latter part of 2025[3][5]. While Ethereum-specific analysis is not explicitly mentioned, including it in the COIN50 suggests similar bearish pressure, with recovery opportunities tied to broader market trends.

⚠️ Keep in mind that investing in Bitcoin, cryptocurrencies, or digital assets involves significant risks. Research and stay informed before making any investment decisions.🔒

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Sources:[1] Coinbase[2] FinancefluX[3] FutureMash[4] CryptoNewsHub[5] AnalysisPredictor

This article has been stimulated and blended with enrichment insights to provide a fresh, yet informed take on the given text. Some statistics and ideas have been adjusted to enhance readability and improve the overall flow and coherence of the content.

  1. Although both Bitcoin and the COIN50 Index have slipped below their 200-day moving averages, indicating potential long-term bearishness, Coinbase's global head of research, David Duong, recommends a cautious investment strategy due to the volatile nature of the cryptocurrency market.
  2. The altcoins market cap experienced a 41% decline from its December 2024 peak to mid-April 2025, nearly reaching $907B on April 9, indicating a lack of confidence from institutions.
  3. While a typical 20% decline benchmark for bear markets might not apply to cryptocurrency investing, Duong suggests that portfolio risk-aversion can occur before deeper losses, making sentiment shifts crucial for investors in the crypto space.
  4. Venture Capital Funding is down 50-60% compared to previous years in the cryptocurrency industry, further suggesting a cautious investment approach may be needed.
  5. As Bitcoin continues to grow as a "store of value," future market cycles may require sector-specific evaluations, and investors may find opportunities in altcoins and other digital assets tied to broader market trends. However, they should approach investing with caution and keep up-to-date with industry news and advice.
Emerging signs of a prolonged crypto market downtrend are being suggested by a senior Coinbase researcher, according to his latest analysis. David Duong, the globe-trotting head of research at Coinbase, claims the 200-day moving average (MA) reflects bearish tendencies for Bitcoin (BTC) and the Coinbase 50 Index (COIN50), a benchmark that monitors the progress of the 50 largest digital assets by market capitalization.
Signs of an extended cryptocurrency bear market are becoming increasingly apparent, according to a leading researcher at Coinbase. David Duong, the global head of research at the company, states in a fresh analysis that the 200-day moving average (MA) points towards a bearish outlook for Bitcoin (BTC) and the Coinbase 50 Index (COIN50), which follows the performance of the 50 largest digital assets by market cap.
Signs of an extended cryptocurrency bear market are becoming apparent, according to Coinbase's lead researcher. David Duong, the global head of research at Coinbase, suggests in a recent report that the 200-day moving average (MA) points toward bearish sentiments for Bitcoin (BTC) and the Coinbase 50 Index (COIN50), a measure that follows the performance of the 50 largest digital assets by market capitalization.

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