A bull market in cryptocurrency refers to a period when the prices of cryptocurrencies are consistently rising or expected to rise. This is usually driven by increased investor confidence, positive market sentiment, and expectations of continued growth in the sector. Bull markets in crypto can last for months or even years, with the value of cryptocurrencies rising by at least 20%.
During a crypto bull market, key characteristics include higher trading volumes, rising valuations of digital assets, and increased interest from new investors and institutions. These factors contribute to the overall positive sentiment in the market, creating opportunities for those looking to capitalize on the growth of digital currencies.
