Blockchain industry shows signs of stabilizing in 2023: Report
December continued to see Bitcoin trade below its 50-, 100- and 200-day moving averages, but stabilization in the DeFi sector is flashing positive signals at the start of 2023. 2022 was a rollercoaster ride of ups and downs for the blockchain industry . While the year’s first quarter looked promising, the crypto industry has been on a downward trajectory ever since. While indications of a global macroeconomic slowdown increase, these headwinds hamper the blockchain industry ’s potential recovery. There are some signs of stabilization in the crypto market and a potential upside at the start of the new year. For those serious about understanding the crypto space’s different sectors, 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...