Led by Bitcoin, blockchain industry starts 2023 off strong: Report
With a Bitcoin rally to begin the year, the crypto space is looking up. However, not every sector has reversed its downward trajectory. 2023 is off to a great start , with Bitcoin (BTC) rocketing up 40% in January. The good news is not relegated to just Bitcoin, however, as this price increase has sent ripple effects across the cryptoverse. Mining revenue jumped $22.66 million in January, and crypto-related stocks doubled on average. Despite this good news, Venture Capital investments are down 23% from the previous month. Download and purchase this Report on the Cointelegraph Research Terminal. For a more detailed look into the various sectors of the crypto space, including venture capital, derivatives, decentralized finance (DeFi), regulations and much more, Cointelegraph Research publishes a monthly Investors Insights report. Compiled by leading experts on these various topics, the monthly reports are an invaluable tool to quickly get a sense of the current state of the blockchain ...