Bitcoin is in a bear market. So what should hodlers do now?

Having fallen 10% overnight and 40% from its highs, bitcoin is now firmly in bear market territory. Dominic Frisby looks at where it might go next.

Bitcoin
How much further could bitcoin fall?
(Image credit: © Luke MacGregor/Bloomberg via Getty Images)

Bitcoin is in a bear market. Let’s not beat about the bush, or try to spin it. The price is falling – it fell 10% just while I was asleep last night and it’s already almost 40% off its highs.

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby