Robust crypto fundamentals pull through after May’s monthly red candle: Report
What are the current trends in VC investment in the crypto sector, and when will the bear market finally end? In May, Bitcoin ( BTC ) posted its first monthly loss since December 2022 with a negative 6.98% . However, this consolidation was not obviously driven by a change in fundamentals or the broader macroeconomic environment. The crypto market was looking for direction and liquidity in this phase before the United States Federal Reserve announced a pause on the rate hiking cycle in June. Many indicators, such as the futures market and VC investment, point to an optimistic underlying sentiment. But while traditional markets and tech stocks were able to continue their rally in May, actual price action in the crypto market remained suppressed and took some time to spring from its woodworks. The report is available for free on the Cointelegraph Research Terminal. For those keen to gain a deeper understanding of the crypto space’s various sectors and their fundamental trends, Coint...