The emergence of the ongoing bear market has brought about an increased level of difficulty in crypto-related activities such as trading and investing. Bear markets are extended periods of extreme volatility and negative prices, a combination that renders otherwise profitable endeavours less attractive and riskier. The cryptocurrency industry finds itself navigating a bear market that has overstayed its welcome. It is no news that the ongoing bear market is the longest in crypto history. One thing is certain, though, whenever the bear market comes to an end, it will surely leave long-lasting effects on the industry.