Bitcoin Dips Below $21K; Why the Current Bear Market Differs From 2018
![Bitcoin Dips Below K; Why the Current Bear Market Differs From 2018 Bitcoin Dips Below K; Why the Current Bear Market Differs From 2018](https://www.coindesk.com/resizer/jXe6fxGn_FI3nAkr3_7U2gr5YSE=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WQP64HEIHJBHZLPIISVMJBNORU.jpg)
“The environment in the current crypto ecosystem vastly differs from the heyday of ICOs in 2018,” Singapore-based Danny Chong, co-founder of DeFi protocol Tranchess, told CoinDesk. “Market maturity has driven the need to establish stronger technological foundations to be laid which have enabled exchanges and DeFi protocols to provide a variety of products, with lending, bridging, and liquid staking abilities, to reduce price fluctuations.”