A crypto bull market is where prices are rising in the cryptocurrency market and are expected to continue to rise.
In a bull crypto market, investor sentiment is generally positive, and investors may be more likely to buy assets in the expectation that prices will continue to rise. This can create a self-fulfilling cycle, as increased buying can lead to higher prices, which can further fuel buying.
Bull markets are most notably characterized by investor optimism, risk-taking, and the growth of cryptocurrency projects within the space. As part of any market cycle, it's necessary to also be aware that bull markets will eventually turn into bear markets, in which prices are falling or expected to fall.
The term "bull market" is often used in contrast to "bear market" which refers to a market in which prices are falling or are expected to fall.
Within the cryptocurrency space due to its high volatility, it can make it difficult to predict whether the market is in a bull or bear market (at any given time).