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A bull market is known as a period of time where asset prices increase significantly in the cryptocurrency and stock markets. These markets serve as a source of inspiration for buyers and investors alike.
No particular benchmark or criteria is used to determine when a market is in a bull market. The most important indicator is a period of sustained price growth for coins on the market. Bull markets are characterized by investor growth, optimism, confidence, and other favorable attributes. It is a moment when prices of major assets are likely to soar for a lengthy period of time.
Bull markets are challenging to predict, but they are simple to identify when price increases are 20% or higher. In the traditional financial world, the most recent bull market lasted from 2003 to 2007, but the 2008 financial crisis brought about yet another substantial decline.
Extra reading:
https://www.investopedia.com/terms/b/bullmarket.asp
https://coinmarketcap.com/alexandria/glossary/bull-market
https://www.forbes.com/advisor/investing/bull-market/
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