Bitcoin, COIN50 Fall Below 200-Day Moving Average
Bitcoin and the COIN50 index have slipped below their 200-day moving averages, as reported by Coinbase Research, signaling a potential bear market phase in the...
- The fall of Bitcoin and COIN50 below 200-day averages.
- Indicators suggest an ongoing bear market.
- Market cap and VC funding are decreasing significantly.
Bitcoin and the COIN50 index have slipped below their 200-day moving averages, as reported by Coinbase Research, signaling a potential bear market phase in the cryptocurrency sector.
David Duong from Coinbase indicates that Bitcoin and the COIN50 index’s dip could indicate a shift to a bear market phase, marking significant implications for the cryptocurrency market.
Details on Moving Average Decline
Coinbase Research highlights a notable decline in the cryptocurrency landscape, with Bitcoin and the COIN50 index trading below their 200-day averages. This decline began affecting major digital assets like Bitcoin from early March.
“The 200DMA model on bitcoin does suggest that the token’s recent steep decline qualifies this as a bear market cycle starting in late March. But the same exercise performed on the COIN50 index… shows the asset class as a whole has been unequivocally trading in bear market territory since the end of February.” — David Duong, Global Head of Research, Coinbase Institutional
Duong emphasizes that this indicates a bear market starting late March for Bitcoin, while the COIN50 index has been in bear territory since February. These data points underscore the market’s vulnerable state.
Impact on Cryptocurrency Market
The market’s downturn has had a considerable impact on the financial ecosystem, leading to a 41% drop in the crypto market cap excluding Bitcoin since late 2024, and a significant reduction in venture capital inflows.
Experts note the historical significance of the 200-day moving average. It has traditionally been a reliable metric for predicting downturns in the crypto market, as seen in previous declines, including the 2018-2019 winter and the COVID-19 pandemic crash.
Future Outlook
Financial analysts project that upcoming months could see a stabilization. Coinbase suggests that a recovery might arise by late Q2 2025, potentially improving conditions for Q3, yet the market remains vigilant.
More From Crypto News
Polymarket Pauses Trading After $2.65M Exploit
Polymarket halted trading on October 29, 2026 after a reported $2.65 million exploit, with the prediction market platform attributing the incident to a compromi...
Why Is Algorand (ALGO) Price Down Today? Key Factors
Algorand (ALGO) is trading at $0.099536 on October 29, 2026, down 3.88% over the past 24 hours, slipping below the psychologically significant $0.10 level as se...
South Korean Regulators Inspect Bithumb After Employee Data Exposure Signs
Bithumb disclosed signs pointing to a possible exposure of employee data, prompting regulators to move to direct on-site review, per CryptoSlate reporting .
Sports Made Up 98.2% of Polymarket US Turnover in 30 Days: DeFi Rate
Sports contracts accounted for 98. 2% of Polymarket US turnover over a 30-day window, according to DeFi Rate.
Coinbase Denies Breach After Amplitude Incident Exposes Customer Data
Coinbase has denied that its own systems were breached after a security incident at third-party analytics provider Amplitude exposed customer data linked to the...
Polymarket Updates 5-Minute Bitcoin Contract Pricing
Polymarket is pricing its five-minute Bitcoin contracts using a 60-second average rather than a single point-in-time snapshot, according to the platform’s publi...
