Bear Market: A period of time when supply exceeds demand
It refers to a considerable negative movement in the share price of an asset.
Bear markets typically last for almost a year. There have been at least 13 bear markets on Wall Street since World War II, and each one has lasted nearly 362 days.
Some say that the bear market has its origin in an old saying about not selling the skin of the bear until the bear is caught.
Bear markets usually correct itself and the economy recovers fairly quickly. However, if stocks continue to fall in value, it could lead to a recession.
Two examples of a bear market include-The 1929 Great Depression and The 2007–2009 Financial Crisis.
In December 2017, Bitcoin (BTC) plunged from near $20,000 to just over $3,200 in just a few days, making it the most famous cryptocurrency crash to date.
A bull market is the exact opposite of a bear market, where investors' optimism pushes prices higher.