Anchorage Digital: Bitcoin bear market has been 'relatively mild'
- —Bitcoin hit a $126K high, then fell more than 50% to ~$58K
- —Lawant called the current bear market 'relatively mild' compared to past ones
- —He believes the cycle bottom formed around $58K
- —Speculative crypto segments decoupled from assets with fundamental value
Why it matters: The assessment from a major institutional custodian points to bitcoin maturing as an asset class and reduced panic selling.
Source: BeInCrypto BR