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Let’s walk through the difference between a bull and bear market. 

Bull Market: In a bull market, cryptocurrency prices are up by at least 20%. Bull markets usually come with increased investor optimism and more media attention on the cryptocurrency ecosystem. 

Bear Market: In a bear market, cryptocurrency prices are down by at least 20%. Bear markets usually come with increased investor pessimism and less media attention on the cryptocurrency ecosystem. 

Remember, the crypto ecosystem is highly volatile. Since Bitcoin was officially launched in 2009, cryptocurrency has seen multiple bull and bear markets.