Canadian Crypto Observer

By Aditya Nain on March 5, 2026 Estimated reading time: 4 minutes

When will the Bitcoin bear market end?

By Aditya Nain on March 5, 2026 Estimated reading time: 4 minutes

Bitcoin extends losses, down 47% since October 2025. When will the crypto bear market reverse, and what does the US and Israel’s attack on Iran have to do with Bitcoin?

Welcome to the Canadian Crypto Observer. Financial journalist and author Aditya Nain offers perspective on market-moving headlines to help Canadian investors navigate the cryptocurrency market.

At the time of writing the previous edition of this column, the US had just removed Venezuelan leader Nicolas Maduro from that country in a special forces operation, and flown him to New York to face charges. Weeks later, as I write this column, the US and Israel have launched a military attack on Iran, ostensibly to counter Iran’s march towards the successful creation of nuclear weapons. 

Suffice to say, these are not normal times in geopolitics. In a hyper-connected world, this matters to Canadian investors because these events could have far reaching consequences—especially for a globally traded, institutionally held asset such as Bitcoin (BTC). More on this later in the column.

BTC extends losses—what’s next for the crypto market?

As the chart below shows, the price of BTC has fallen about 47% from its all-time highs of October 2025 (based on a 7 day moving average). Sure, it’s not yet fallen 70% to 80% as it did in 2018, 2020........

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