The chills of crypto winter have nipped at investors, companies, and coins for much of the past year. But, in light of Bitcoin’s recent surge past $37,000, some think that frigid market conditions may be finally easing up.
On Wall Street, bull markets occur when a major stock market index like the S&P 500 or Nasdaq Composite rallies for a sustained period of time. As a technical rule of thumb, bull markets are defined by a 20% increase in an asset from its low.
Coined by an industry that’s still in its nascency, crypto winter is less of a technical term and more of a vibe, which likely draws inspiration from the cautionary motto of House Stark in the HBO series “Game of Thrones,”: Winter is coming.