Glossary

Bull Market

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A bull market is characterized by a sustained increase in asset prices, investor optimism, and positive news related to the market. Unlike bear markets, bull markets are not identified by a numerical change in asset prices. Market prices are generally expected to rise indefinitely, so a bull market cannot be defined simply by a rise in prices. Instead, bull markets signify returns and investor optimism well above the normal amounts for that market. Bull markets generally refer to markets as whole, but Bitcoin markets may experience a bull market at different times than equity markets. Bitcoin bull markets also typically experience far more upside than bull markets in other assets.