Dogecoin co-founder Billy Markus commented on the current crypto market trend on X, calling the situation a classic bear market. Dogecoin dropped to $0.0693 in early July, its lowest since November 2023, before stabilizing in consolidation. According to CryptoQuant, 40% of altcoins are trading near all-time lows. When asked about the duration of this phase, Markus estimated it could last three to four years based on historical cycles, while acknowledging the uncertainty of this forecast.
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