A downtrend in crypto: Meaning

A downtrend in the cryptocurrency industry means that the prices of a cryptocurrency in general or a specific cryptocurrency are declining over a certain period. It means that high price peaks that may have been reached in the past are replaced by lower peaks and the overall price trend is downward.During a downtrend, investors and traders may face potential losses or losses as the value of their cryptocurrency assets declines. However, some traders may try to capitalize on a downtrend by selling assets at the price peak and buying at a lower level to profit from subsequent price increases.