Like tenacious the balloon, regardless of how a lot crypto is knocked down, tends to drift up once more. I’ve discovered this to be true in all of the years I’ve lined the decentralized market and economic system since 2013.
Nonetheless, the newest cryptocurrency stoop is beginning to look a little bit totally different.
The alternate explores startups, markets and cash.
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After an extended decline — crypto winter, if you’ll – blockchains and their underlying tokens and companies appear to be on the rise. The info paints an image: Spot commerce volumes hit a 12-month excessive earlier this month, the general worth of crypto tokens has appreciated considerably in current months, and even NFTs are displaying indicators of life.
The current launch of spot bitcoin ETFs exhibits that the authorized system might stay extra crypto-positive within the essential tech market of america than elsewhere on this planet. China and India come to thoughts.
Nevertheless, regardless of quite a lot of optimistic reviews, VC curiosity in web3 startups continued to say no within the fourth quarter of 2023, falling additional beneath the strongly depressed Q3 determine. This begs the query: When will VCs flip the spigots again on?