Bitcoin Rose 43% in Q3 As Venture Funding Stalled
Crypto venture funding did not follow Bitcoin's 43 percent price gains during the third quarter, according to Blockhead.
Bitcoin recorded a 43 percent price increase during the third quarter of the year, but the broader crypto sector saw a divergence in capital deployment as venture funding failed to match the upward market move, according to data highlighted by Blockhead.
Despite the substantial quarterly gains for the flagship cryptocurrency, startup investment and venture capital allocations did not follow the same trajectory.
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Key facts
- Bitcoin rose 43 percent in the third quarter
- Crypto venture funding did not follow the price increase
Source: news.google.com
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