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Author: WuBlockchain According to RootData statistics, there were a total of 77 publicly announced investment projects in the cryptocurrency VC sector in September, representing a 3% increase compared to August 2023 (which had 75 projects) and a 44% decrease compared to September 2022 (which had 138 projects). Please note that not all financings are disclosed in the same month, so the numbers mentioned above may increase in the future. Here is the breakdown of the projects by primary industry categories: In September, among various segments in the cryptocurrency market: Infrastructure projects accounted for approximately 30% of the financing. DeFi projects accounted for approximately 22%. CeFi projects accounted for approximately 4%. NFT and GameFi projects accounted for approximately 10%. The total funding raised in September was $510 million, which is a 24% decrease compared to August 2023 (which had $670 million) and a 72% decrease compared to September 2022 (which had $1.84 billio...

The total crypto market cap is at risk of falling below $825 billion, but data shows traders actively adding to their longs and shorts. The total cryptocurrency market capitalization dropped 8.1% in the past two days after failing to break the $880 billion resistance on Dec. 14.  The rejection did not invalidate the 4-week-long ascending channel, but a weekly close below $825 billion will confirm a shift to the lower band and reduce the support level to $790 billion. Total crypto market cap in USD, 12-hour. Source: TradingView The overall investor sentiment toward the market remains bearish, and year-to-date losses amount to 66%. Despite this, Bitcoin (BTC) price dropped a mere 2% on the week, down to the $16,800 level at 17:00 UTC on Dec. 16. A far different scenario emerged for altcoins which are being pressured by pending regulation and fears that major exchanges and miners could be insolvent . This explains why the total market capitalization had dropped by 4.7% since Dec. 9. Ac...