Analysts at JPMorgan have pointed out a concerning trend in the crypto industry, despite its uptick lately. Despite a market resurgence, venture capital funding in the sector has remained lackluster this year. Compared to previous years, this subdued flow of funds is raising red flags about the sustainability of the market’s recovery. Since this year […]
The post Crypto VC Funding Hits New Low Despite Market Surge– What’s Next? appeared first on Coin Edition.
- Despite market rebound, crypto VC funding lags, raising concerns.
- Rising interest from VC firms in crypto despite cautious sentiment.
- Regulatory uncertainties, like Ethereum ETF approval, dampen market optimism.
Analysts at JPMorgan have pointed out a concerning trend in the crypto industry, despite its uptick lately. Despite a market resurgence, venture capital funding in the sector has remained lackluster this year. Compared to previous years, this subdued flow of funds is raising red flags about the sustainability of the market’s recovery.
The current price of Bitcoin stands at $70,185 reflecting a 24-hour decrease of 0.62%.
JP Morgan Bearish on Cryptocurrencies? #JPMorgan analysts say sluggish #cryptocurrency VC inflows could pose downside risk. #Bitcoin halving countdown. Long and short showdown kicks off.… pic.twitter.com/FiSmEStRy6
— CoinW (@CoinWOfficial) April 12, 2024
Since this year began, the blockchain market has attracted venture financing of $3.2 billion, notably lower than the $4 billion raised in the same period last year. This discrepancy suggests investors are cautious despite the positive market sentiment.
However, there are signs…
The post Crypto VC Funding Hits New Low Despite Market Surge– What’s Next? appeared first on Coin Edition.
