Ever since the 18th century, the term “bull market” has been the Wall Street equivalent of a thumbs-up emoji, so today we will answer the question what is a bull market. It’s so revered that there’s a bull statue near Wall Street, presumably because only the short sellers celebrate bear statues.

Definition and Characteristics of a Bull Market

In the animal kingdom of finance, a bull market is when stock prices decide to go on a northward hike. Think of it as the market’s way of saying, “Let’s party!” It’s like this across the board, from stocks to digital assets.

What is important to note about these bull markets is that most people use the dollar as a unit of account. If…

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