Too Long; Didn't Read
Bitcoin is down more than 60% from its all-time high, and Ether is down 65%. The rapid fall of $LUNA also contributed to the crypto market slump, as nearly $50 billion was wiped off the market cap in less than two days. Blockworks' Jason Yanowitz recently tweeted what he sees as the three stages of a crypto bear market, with the market currently in the second stage of a downturn. Nobody knows for sure when the market will completely recover, but the best bet right now is to study them to see where the market is currently.