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
Binance Cuts Collateral Ratios for Six Tokens; Coinbase International Removes 29 Assets
Two of the largest crypto exchanges announced risk-management changes on the same day: Binance is cutting collateral ratios for six tokens, reducing how much bo...
Report Says ECB President Urged Blocking Binance EU License
A report claims ECB President Christine Lagarde personally urged European officials to block Binance from obtaining an EU-wide crypto license, a development tha...
Binance to Briefly Suspend Deposits and Withdrawals Next Week
Binance will suspend deposits and withdrawals across its platform on September 22, 2026 at 06:00 UTC as part of a scheduled infrastructure wallet system upgrade...
Bitcoin Rises to $81,000 After Bank of Japan Rate Hike
Bitcoin climbed to $81,000 on September 18, 2026, shortly after the Bank of Japan raised its benchmark interest rate to 1. 25%, adding another tightening step i...
Binance Launches 24/7 FX Perpetual Futures With 100x Leverage
Binance is set to launch its first foreign exchange perpetual futures contract, USDBRLUSDT, on September 21, 2026 at 14:00 UTC, giving traders around-the-clock...
Hyperliquid Opens Native Borrowing as HYPE Hits New High
Hyperliquid has launched native borrowing directly within its platform, allowing users to access liquidity without exiting their positions, while the HYPE token...