Crypto is near bear market territory

Crypto is flirting with, or potentially has crossed into bear market territory. A bear market is usually defined as a market index or asset class dropping by 20% from its nominal high trading value. Usually this is based on the price at the close of trading days. However most crypto currencies trade 24/7 so that complicates things a bit. That said, the by far largest crypto currency is Bitcoin  which reached a nominal high just north of $103k per unit in the aftermath of Donald Trump's re-election. During intraday trading today it fell to ~$82.2k which would meet the technical definition for a bear market. As of this comment, it is currently trading at just over $83k.