October 20, 2021
Markets

What bear market? Investors throw record cash behind blockchain firms in 2021 By Cointelegraph

What bear market? Investors throw record cash behind blockchain firms in 2021

Despite the recent slight recovery of the cryptocurrency market, there is no denying the fact that the crypto industry has been faced with a great deal of volatility over the last few months, made evident by the total market capitalization of the sector that dipped from $2.5 trillion to $1.18 trillion over a 45-day span earlier this year.

Through all these ups and downs, however, 2021 has continued to see an increasing amount of capital enter this fast-evolving space. For example, reports indicate that over the first half of the year alone, venture capital (VC) funds poured in $17 billion into various crypto-related startups and companies.

A closer look at the numbers

More notable VC activities

What lies ahead?