{"id":472067,"date":"2022-07-09T00:00:00","date_gmt":"2022-07-08T21:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/5-events-that-could-put-an-end-to-the-current-crypto-bear-market\/"},"modified":"2022-07-09T00:00:00","modified_gmt":"2022-07-08T21:00:00","slug":"5-events-that-could-put-an-end-to-the-current-crypto-bear-market","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/5-events-that-could-put-an-end-to-the-current-crypto-bear-market\/","title":{"rendered":"# 5 events that could put an end to the current crypto bear market"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3651105f43c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3651105f43c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/5-events-that-could-put-an-end-to-the-current-crypto-bear-market\/#%E2%80%9D_5_events_that_could_put_an_end_to_the_current_crypto_bear_market_%E2%80%9C\" >&#8221; 5 events that could put an end to the current crypto bear market  &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/5-events-that-could-put-an-end-to-the-current-crypto-bear-market\/#A_successful_Ethereum_merge\" >A successful Ethereum merge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/5-events-that-could-put-an-end-to-the-current-crypto-bear-market\/#Approval_of_a_spot_Bitcoin_ETF\" >Approval of a spot Bitcoin ETF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/5-events-that-could-put-an-end-to-the-current-crypto-bear-market\/#The_Fed_reverses_course\" >The Fed reverses course<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/5-events-that-could-put-an-end-to-the-current-crypto-bear-market\/#Major_adoption_of_Bitcoin_as_legal_tender\" >Major adoption of Bitcoin as legal tender<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/5-events-that-could-put-an-end-to-the-current-crypto-bear-market\/#Integration_as_a_payment_option_by_a_large_company\" >Integration as a payment option by a large company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/5-events-that-could-put-an-end-to-the-current-crypto-bear-market\/#Want_more_information_about_trading_and_investing_in_crypto_markets\" >Want more information about trading and investing in crypto markets?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_5_events_that_could_put_an_end_to_the_current_crypto_bear_market_%E2%80%9C\"><\/span>&#8221; 5 events that could put an end to the current crypto bear market  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvMmEwZTRlYTQtYzVjNi00OTk2LTkwZjYtYmZiMmRkNGRhNTMyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Much to the chagrin of cryptocurrency investors across the ecosystem, the bear market has officially set in and brought with it devastating price collapses that have left relatively few unscathed.\u00a0<\/p>\n<p>As the popular topic of conversation now centers on bearish predictions of how low Bitcoin (BTC) will go and how long this iteration of the crypto winter will last, those with more experience on the matter know that it\u2019s virtually impossible to predict the bottom and it would be wise to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ly those energies elsewhere. <\/p>\n<p>Instead of focusing on the when of the end, perhaps it\u2019s more constructive to explore what events might help pull the market out of the bear market depths and put it on a path to its next up cycle. <\/p>\n<p>Here\u2019s a look at five potential catalysts that could pull the crypto market out of its current malaise.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_successful_Ethereum_merge\"><\/span>A successful Ethereum merge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One of the most highly anticipated developments of the past five years has been the ongoing transition of the Ethereum network from proof-of-work to proof-of-stake. <\/p>\n<p>While the process has been a drawn-out one that has faced numerous setbacks, the official switch is now closer than ever following the successful completion of the Merge trial on the public test network Sepolia. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Another big day for Ethereum as Sepolia testnet merges succesfully with the beacon chain!<\/p>\n<p>Sepolia = Merged\u2705<\/p>\n<p>Goerli = next<\/p>\n<p>And then&#8230; Mainnet!<\/p>\n<p>The Merge is coming<\/p>\n<p>\u2014 Metis  (@MetisDAO) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MetisDAO\/status\/1544773178513166337?ref_src=twsrc%5Etfw\">July 6, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>It\u2019s possible that the building hype around the Ethereum Merge could help pull the crypto market out of its bearish state should the transition go off without a hitch, especially if it helps lead to more scalability and a faster user experience. As it stands right now, the Merge is set to take place in August 2022. <\/p>\n<p>It should be noted that a successful Merge could also lead to a \u201cbuy the rumor, sell the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>\u201d type of event where prices briefly pump due to the euphoria of crypto holders, only to fall back down once the dire state of the global financial system comes back to the forefront. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Approval_of_a_spot_Bitcoin_ETF\"><\/span>Approval of a spot Bitcoin ETF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Another event that has been rumored for years that could spark a crypto revival is the passage of a spot Bitcoin exchange-traded fund (ETF) for United States markets. <\/p>\n<p>Ever since 2017, when the first BTC ETF proposed by the Winklevoss twins was denied by the U.S. Securities and Exchange Commission (SEC), there has been one rejection after another for any physically-backed Bitcoin ETF proposal put forward. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">SEC\u2019s resistance to a spot <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF is becoming almost legendary,\u201d SEC Commissioner Hester Peirce <\/p>\n<p>Hint: she hates it as much as we do. <\/p>\n<p>\u2014 Bitcoin Archive  (@BTC_Archive) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BTC_Archive\/status\/1544978531259662338?ref_src=twsrc%5Etfw\">July 7, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Reasons for the rejection typically revolve around the charge that cryptocurrency markets are easily manipulated and the proper safeguards are not in place to protect investors. <\/p>\n<p>If a spot ETF were to be approved, it would render this long-running objection moot and bring a new level of legitimacy to Bitcoin and the crypto asset class as a whole. This has the potential to usher in a new wave of institutional adoption that could bring about the end of the crypto winter as new funds flow into the market. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Fed_reverses_course\"><\/span>The Fed reverses course<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u201cDon\u2019t fight the Fed\u201d is a common expression investors use to explain one of the most influential forces on global financial markets. After multiple years of easy money policies and near-zero interest rates, the U.S. Federal Reserve approved an interest rate hike of 0.25%, the first-rate hike in more than three years.<\/p>\n<p>Since then, the Fed has implemented two additional rate hikes of 0.5% and 0.75%, bringing the current benchmark interest rate to a range of 1.5% to 1.75%. <\/p>\n<p>During the same period of time, risk assets around the world have been falling in price, with Bitcoin declining from $48,000 at the end of March to its current price, which is trading near support at $20,000. <\/p>\n<p>The historic rise in the cryptocurrency and legacy markets that was witnessed in 2021 was largely driven by the easy money policies of the Fed, and it\u2019s highly likely that a return to such policies would once again see funds flow into the crypto ecosystem. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_adoption_of_Bitcoin_as_legal_tender\"><\/span>Major adoption of Bitcoin as legal tender<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>2021 saw El Salvador become the first country in the world to adopt Bitcoin as a legal tender for use by its citizens. In April of 2022, the Central African Republic (CAR) became the second country to do so, pointing to a growing trend. <\/p>\n<p>While the use of BTC as a legal form of tender has been a long-running goal of crypto proponents and the decisions by El Salvador and CAR are worth celebrating, its adoption by such small players on the world stage has done little to promote more mainstream acceptance. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">These countries are considering making <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> legal tender: <\/p>\n<p>1. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Mexico?src=hash&amp;ref_src=twsrc%5Etfw\">#Mexico<\/a> <br \/>2. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Panama?src=hash&amp;ref_src=twsrc%5Etfw\">#Panama<\/a> <br \/>3. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Honduras?src=hash&amp;ref_src=twsrc%5Etfw\">#Honduras<\/a> <br \/>4. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Portugal?src=hash&amp;ref_src=twsrc%5Etfw\">#Portugal<\/a> <br \/>5. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Brazil?src=hash&amp;ref_src=twsrc%5Etfw\">#Brazil<\/a> <br \/>6. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Argentina?src=hash&amp;ref_src=twsrc%5Etfw\">#Argentina<\/a> <br \/>7. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Paraguay?src=hash&amp;ref_src=twsrc%5Etfw\">#Paraguay<\/a> <\/p>\n<p>Countries where <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is already legal tender: <br \/>1. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ElSalador?src=hash&amp;ref_src=twsrc%5Etfw\">#ElSalador<\/a> <br \/>2. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/CentralAfricanRepublic?src=hash&amp;ref_src=twsrc%5Etfw\">#CentralAfricanRepublic<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> <\/p>\n<p>\u2014 \u20bfitcoin Xoe  (@Bitcoin_Xoe) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Bitcoin_Xoe\/status\/1543567732725018624?ref_src=twsrc%5Etfw\">July 3, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>That would likely change, however, if a larger market such as Japan or Germany were to open up to officially promoting the use of BTC by their citizens for their daily purchases. <\/p>\n<p>Recent developments on the global stage, including conflicts and food shortages, are pushing governments to do things they never considered, and it\u2019s not outside the realm of possibility that a larger economy could turn to Bitcoin as a currency of last resort as fiat currencies continue to lose their purchasing power. <\/p>\n<p><strong><em>Related:\u00a0EU-regulated firm Banking Circle adopts USDC stablecoin<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Integration_as_a_payment_option_by_a_large_company\"><\/span>Integration as a payment option by a large company<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A common excuse as to why people don\u2019t use Bitcoin or cryptocurrencies for their everyday purchases is because it\u2019s not really accepted anywhere. <\/p>\n<p>While there are options available for accessing the value held in crypto, such as debit cards and online payment integrations with platforms like Shopify, the ability to make purchases by conducting transactions directly on a blockchain network is relatively limited. <\/p>\n<p>On several occasions, Elon Musk has demonstrated that the mere mention of integrating blockchain-based payments can spark a market rally for the token in question. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: Elon Musk&#8217;s Boring Company will accept <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Dogecoin<\/a> as a payment method for Loop rides.<\/p>\n<p>\u2014 Watcher.Guru (@WatcherGuru) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WatcherGuru\/status\/1544728785114775552?ref_src=twsrc%5Etfw\">July 6, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Based on this and other examples of price pumps that followed speculation about a major adoption announcement, it\u2019s likely that crypto payments being integrated by a major company such as Amazon or Apple could spark a bullish wave of momentum. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Want_more_information_about_trading_and_investing_in_crypto_markets\"><\/span>Want more information about trading and investing in crypto markets?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Not giving up: VanEck refiles with SEC for spot Bitcoin ETF<\/li>\n<li>85% of merchants see crypto payments as a way to reach new customers: Survey<\/li>\n<li>WSJ editorial slams SEC\u2019s \u2018bewildering\u2019 Bitcoin ETF denials<\/li>\n<li>Millions of online retailers\u00a0can now accept DAI on Coinbase Commerce<\/li>\n<li>Ethereum 2.0 stakers face a 36.5% larger loss than ETH spot investors \u2014 Report<\/li>\n<\/ul>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/5-events-that-could-put-an-end-to-the-current-crypto-bear-market\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; 5 events that could put an end to the current crypto bear market &#8220; Much to the chagrin of cryptocurrency investors across the ecosystem, the bear market has officially set in and brought with it devastating price collapses that have left relatively few unscathed.\u00a0 As the popular topic of conversation now centers on bearish&#8230;<\/p>\n","protected":false},"author":1,"featured_media":472068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvMmEwZTRlYTQtYzVjNi00OTk2LTkwZjYtYmZiMmRkNGRhNTMyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,76276,74863,75849,74891,75150,74889,74876,75578,74355,25562,117,90059,39394,70550,70552,73785,70934],"class_list":["post-472067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-payments","tag-cryptocurrencies","tag-etf","tag-ethereum","tag-market-update","tag-payments","tag-proof-of-stake","tag-proof-of-work","tag-adoption","tag-africa","tag-business","tag-el-salvador","tag-elon-musk","tag-federal-reserve","tag-interest-rates","tag-markets","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/472067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=472067"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/472067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/472068"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=472067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=472067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=472067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}