While the crypto market looks great, there are also all kinds of bullish movements taking place in the crypto space.
It’s been just revealed that the amount of venture funding that’s directed towards crypto and blockchain projects and companies jumped during Q2 2021, says data collected by The Block Research.
The Block Crypto online publication notes that a total of 497 related venture deals occurred during the period.
“When excluding the $9.7 billion capital injection by Block.one into the crypto exchange venture Bullish, the second quarter saw $6.2 billion in private funding directed toward the digital asset industry,” the same online publication notes and drops a chart.
This represents an approximately 90% increase quarter-over-quarter, The Block Research found.
We suggest that you check out the complete article in order to learn more news about all this.
The crypto market today
Today, the crypto market looks great, with most of the important coins trading in the green.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $34,444.57.
Just the other day, we reported that according to the latest news, Bitcoin miners are currently accumulating again.
Check out the following post below.
Bitcoin miners are accumulating again. pic.twitter.com/Me9DbvJaEE
— William Clemente III (@WClementeIII) July 10, 2021
“Miners accumulating means it hardens the supply – there’s also other indicators of hardening supply. Hardened supply means less Bitcoin to buy when demand returns. The less Bitcoin there is to buy the more violent the upside (supply shock),” someone said.
Bitcoin’s popularity is on the rise, and it has been like this, especially since 2020. This was a year when the whole world entered a global crisis, and we’re still struggling to get out of it.
But Bitcoin’s popularity exploded, and people started seeing the king coin as a safe haven asset.
Stay tuned for more news.