Bitcoin leads crypto market recovery as regulators turn up heat: Report

cointelegraph.com:

March has been a turbulent month for the crypto industry. Bitcoin (BTC) recorded its highest weekly close in 10 months and raised hopes among many that the bear market is over. One of the key drivers of this expectation was a series of banking collapses in the United States. This made investors hope for falling interest rates later this year, despite Federal Reserve Chair Jerome Powell’s insistence that lower rates were not part of the base scenario for 2023. 

However, optimism about the macro environment risks being offset by the regulatory crackdown on the industry in the United States. This mixed environment is markedly different from the typical bull and bear market action that the crypto industry is used to and affects its various areas in different ways.

For those serious about understanding the crypto space’s various sectors, Cointelegraph Research publishes a monthly Investors Insights Report that dives into venture capital, derivatives, decentralized finance (DeFi), regulation and much more. 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 industry.

Download and purchase this month’s report on the Cointelegraph Research Terminal.

Investment activity in the blockchain industry experienced a significant decline in March, according to the latest information from the Cointelegraph Research Venture Capital database, as only 59 individual deals took place, down from 96 in February. This represents a 38.5% decrease in investment activity. The total aggregate capital inflows for March were $504 million, a drop of over 42.7% from February’s figure of $880 million.

VCs require stable and favorable macroeconomic