Seems tenacious Like a balloon, no matter how hard cryptocurrencies get smashed, they tend to pop back up again. In every year I've covered decentralized markets and economics since 2013, I've found that to be true.
Still, the latest crypto issues are starting to look a little different.
Exchange explores startups, markets, and money.
Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.
After a long recession — cryptocurrencies winterIf you like, blockchain and its component tokens and services appear to be on the rebound. The data paints a picture. Spot trading volumes hit a 12-month high earlier this month, the total value of crypto tokens has risen significantly in recent months, and even NFTs are showing signs of life.
In addition to this, the recent launch of the Spot Bitcoin ETF suggests that in the important US technology market, the legal system may remain more positive towards cryptocurrencies than in other parts of the world. is shown. China and India come to mind.
However, despite the series of positive news, venture capitalist interest in Web3 startups continued to decline in the fourth quarter of 2023, falling further below the severely depressed third quarter numbers. A question arises here. When will VC turn the spigot back on?