A cryptocurrency bear market refers to a market situation expounded by caution and pessimism during which traders are much more likely to sell than buy. During a bear market, you can expect to gain lower highs and lower lows. A good example of this is the 2018 cryptocurrency crash also known as the Bitcoin crash and the Great crypto crash. This was the sell-off of most cyptocurrencies from January 2018. After an unparalleled boom in 2017, the price of Bitcoin dropped by nearly 65% during the month from 6 January to 6 February 2018. A price correction is different from a bear market though. A bear market is a sustained period of time defined by remarkable downward movement, whereas a price correction is a decline of a minimum of 10% in the price of a security, asset, or a financial market and it occurs when the price of an overvalued currency, asset, or commodity, corrects itself. The Cryptocurrency market is more volatile, making it more common to see a considerable and extended bear crypto market.