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Countries and institutions move into crypto despite market drop: Report

Approaching the end of 2022, it appears that the same negative sentiments are likely to remain. While some analysts say that Bitcoin (BTC) and Ether (ETH) derivatives are currently flashing positive signals for the market due to their high volatility, that same volatility is impacting the sentiment of other areas, including regulation, mining, nonfungible tokens (NFTs) and crypto stocks. Even with all this, companies such as Porsche are getting into the Web3 and NFT space and Brazil passed a law legalizing crypto payments nationwide. Over 60 deals from venture capital were still completed in November, bringing $800 million of capital inflows into the space. There are many great things being built during this time of uncertainty, but it is admittedly hard to ignore the current market conditions.

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Source: Cryptocurrency - investing.com

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