What is the meaning of bulls and bears on finance markets?

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Bear Market: When the finance market is in poor condition and all stocks or cryptocurrencies are going down, it is called a bear market. In this market state, the volume of trade is generally very low. The current cryptocurrency market is regarded as bear market. It is because the price of most cryptocurrencies have gone down very low.

Bull Market: When the price of stocks or cryptocurrencies are going up fast, then it is called bull market. In bull market, the assets go up in value and most stocks stay lively and have high volume.

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