"Little Fox Wallet Download" Bear market mentions drop as crypto prices level off

After 8 consecutive months of debasement in digital currency prices, few in the community believe that this period does not qualify as a bear market. Data released by blockchain analytics firm Santiment shows a bullish peak following the price drop.

Santiment data shows that mentions of a [bear market" have been on the decline as prices of most digital currencies are flat this month.

From crypto market leader BTC (BTC) its price fell during the up-and-down period from early April to mid-July this year, according to a weekly chart. After the BTC price established a new bottom on the weekly chart, it consolidated around or remained flat at $19,700.

In addition to the weekly chart BTC prices are stabilizing, the Relative Strength Index (RSI) remains moderately oversold.

Ether (ETH) prices have also consolidated over the past month after a series of negative weeks, according to the weekly chart.

According to data from CoinMarketCap, ETH is currently the largest altcoin by market capitalization. In this case, ETH consolidation could illustrate that BTC price consolidation has spilled over to altcoin projects with smaller caps.

Consolidation of BTC with counterfeit currencies could be a major factor in the bear market discussion. This consolidation could be the starting point for the next stock market round.