A prolonged period of declining prices and negative sentiment.
A bear market is a sustained downturn in asset prices, typically defined as a 20% or greater decline from recent highs. Bear markets are often accompanied by declining volumes, risk aversion, and reduced funding.
The 2018 crypto bear market saw many altcoins fall 80–95% from their peaks as liquidity contracted and enthusiasm waned.
All terms and definitions may update as the Cryptionary improves.