Cantor says bitcoin bear market may be entering final stretch

CoinDesk·

Cantor says bitcoin bear market may be entering final stretch

60-second summary

Cantor analysts assert that bitcoin's bear market may be nearing its conclusion, predicting a market bottom in the coming months. They point to the cryptocurrency's cycle data as a key indicator, suggesting investors should focus on networks with durable value accrual, such as those with strong use cases and adoption rates. This shift could signal a potential market rebound.

The bank said in a note bitcoin's cycle points to a market bottom in the coming months, urging investors to focus on networks with durable value accrual.