{"id":212809,"date":"2022-01-24T21:00:32","date_gmt":"2022-01-24T21:00:32","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=212809"},"modified":"2022-01-25T22:19:40","modified_gmt":"2022-01-25T22:19:40","slug":"does-looking-back-on-past-crypto-market-crashes-make-sense","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/does-looking-back-on-past-crypto-market-crashes-make-sense\/","title":{"rendered":"Does looking back on past crypto market crashes make sense?"},"content":{"rendered":"

With the price of Bitcoin<\/a> sliding down 50% since the November peak, investor sentiment became increasingly negative, and the focus from making ATH predictions shifted to debates about its rebound potential.<\/p>\n

The current<\/a> crypto downturn shares the same broader context with the equity market slump, as tech stocks recently dropped to new 14-week lows.<\/p>\n

But, while most agree that investor uncertainty was fuelled by the prospect of higher interest rates and political tension, with the Ukraine-Russia crisis heating up, can looking at the macros justify the fear of the 2018 bear market repeating itself?<\/p>\n

How bad is it?<\/h2>\n

The fear of 2018 repeating itself crawled back into the bull-bear market debate.<\/p>\n

\u201cMacro-induced downturns have more structural similarities to March 2020 than 2018 (which was a crypto downturn during a very risk-on environment),\u201d co-founder of the crypto hedge fund Three Arrows Capital (3AC), Zhu Su, commented on Twitter.<\/p>\n

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Reminder that macro-induced downturns have more structural similarities to march2020 than 2018 (which was a crypto downturn during a very risk-on environment)<\/p>\n

— Zhu Su \ud83d\udd3a (@zhusu) January 23, 2022<\/a><\/p><\/blockquote>\n