Turbulence for blockchain industry despite strong Bitcoin fundamentals: Report

In the past, it was often said that Bitcoin (BTC) moves the entire crypto and blockchain industry. Is this still the case?

The past few months have seen Bitcoin hitting high-water marks including all-time high long-term holder rates and local highs in hash rate difficulty adjustment — yet Bitcoin is still in bearish conditions as we head into Q4 of 2022.

Not all areas of the blockchain industry can boast such signals of strength, such as venture capital (VC), which brought in $840,000 in…


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