Is the Crypto Bull Market Cycle Over? Is That it?

The crypto market giveth, and the crypto market taketh away.

You can’t help but feel a sense of underwhelming disappointment when the market pumps around $20,000 from $75K to $95K in a weekend.

And then hands most of it back in a single day.

That’s the daily Bitcoin chart I downloaded from Binance’s TradingView charting tool.

It’s like someone whacked a huge mirror in the middle of the big candles and just reversed everything.

What a gift for traders, but what a bonkers ride for everyone else!

16 Out of 300

The market blessed us with the green god candle after the announcement of the strategic crypto reserve, and then the red god candle after Trump said tariffs would kick in for Canada, Mexico and China today!

Trump Tariffs, killing value in high-risk assets in the stock market and crypto market since 2017…

Yes, everything was down.

To give you some idea of how widespread the sea of red was through the crypto market, you only had to look to the data aggregation site, Coingecko.

On Coingecko, they have a section ‘Top Crypto Gainers & Losers’. Usually you can pick, Top 100, Top 300 or Top 1000. This will then give you the biggest 30 gainers and the biggest 30 losers in the market for the last 24 hours.

The market was down so widely that when you selected Top 300, it could only fill 16 of the regular 30 spots. And of those, six were USD stablecoins.

That means of the Top 300 crypto based on Coingecko’s data, 284 were down over 24 hours.

Even with the Top 1000, the 30^th biggest ‘gainer’ was a stablecoin with a 0.1% gain. In short, everything was pretty much down.

So much for the Trump Pump.

Even Schiff Sees it

What does this mean for your crypto holdings? What does it mean for this cycle? I’m already starting to get emails from readers asking, is this cycle done? Is that it?

Well, I did come across this fascinating comparison on X.com as I was ‘doomscrolling’ through the crypto market doom…

That’s clearly no guarantee we’ll get an exact repeat of 2020/21 bull market. But that chart comparison does remind us to once again, pause, take a breath and remember how these cycles can play out.

While the market may be volatile, even the staunchest crypto sceptics look like they might be coming around to what’s going on…

If Peter Schiff can see what’s coming, maybe that gives you some idea as to the long-term story for Bitcoin too.

Look, volatility is always going to be rife in Bitcoin. Now with the US government inherently neck deep in pro-crypto, pro-Bitcoin policies, any big news flow from them will move the price. Any negative news flow from them will hit markets across the board.

Volatility is amplified, and the value of price swings now are big!

The best thing to ride through all this is to remember we’ve been here before and will be again.

Stack your sats, dollar cost average through the rollercoaster and understand the long-term value of what Bitcoin represents. And hodl!

Trust in crypto,
Adam Atlantic