4 Key Events That Could End This Current Bear Market

4 Key Events That Could End This Current Crypto Bear Market

How Long Will the Bear Market Last?

The best way to predict when a crypto bear market will end is to look into the possible events that will occur.

Bear markets are brutal, but there are some important events that could turn things around! Let’s have a look at 4 key events that could end this current crypto bear market.

1. The Ethereum Merge

The most anticipated migration of Ethereum is scheduled to be completed in August this year. Following the success of the Ropsten and Sepolia testnets, Ethereum will run a Goerli testnet before launching the Ethereum mainnet.

Another big day for Ethereum as Sepolia testnet merges succesfully with the beacon chain!

Sepolia = Merged✅

Goerli = next?

And then… Mainnet!

The Merge is coming?
— Metis ? (@MetisDAO) July 6, 2022

2. SEC Could Approve Spot Bitcoin ETFs

The purpose of the Bitcoin Spot Exchange Traded Fund (ETF) is to make trading of these assets wider and adoption of crypto assets greater. Although the application continues to be rejected several times, the SEC has stated that there is still the possibility of approval and a change of decision. If spot ETFs are finally approved, it will bring a new level of legitimacy to Bitcoin and crypto assets as a whole.

?SEC’s resistance to a spot #Bitcoin ETF is becoming almost legendary,” SEC Commissioner Hester Peirce

Hint: she hates it as much as we do. ?
— Bitcoin Archive (@BTC_Archive) July 7, 2022

3. Bitcoin to Become Legal Tender in More Countries

After El Salvador in 2021 established Bitcoin as its official currency, this year the Central African Republic officially also made BTC a legal tender. Here is a list of countries that are considering BTC as their official currency:

These countries are considering making #Bitcoin legal tender:

1. #Mexico ??
2. #Panama ??
3. #Honduras ??
4. #Portugal ??
5. #Brazil ??
6. #Argentina ??
7. #Paraguay ??

Countries where #Bitcoin is already legal tender:
1. #ElSalador ??
2. #CentralAfricanRepublic ??#BTC ?
— ₿itcoin Xoe ?? (@Bitcoin_Xoe) July 3, 2022

4. Major Companies that Accept Cryptocurrency

Recently, Elon Musk’s company called Boring Company announced that it will accept payments via DOGE Coin. Most likely, if crypto payments integrated by big companies like Amazon or Apple could trigger a wave of bullish momentum.