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Amid The Global Market Decline, Germany Surfaces As A Hero

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Despite the global market downturn in the entire performance of the blockchain market, Germany is ready to attain an all-time high in the international market.

Speaking of Europe, Germany has garnered a major share of funding in the region’s blockchain ecosystem.

READ ALSO:Coinbase CEO Urges DeFi Firms to Take CFTC in Court Over Its Recent Enforcement Actions

According to data, Germany has gained up to 9.4% of Europe-based blockchain funding and 10.3% of the overall European blockchain deals.

Fast Facts

  • According to the CVVC’s data known as “The German Blockchain Report 2023”, Germany’s blockchain sector has experienced a total of $355 million in an investment of 34 deals.
  • Reports from CVVC reveal that this amount displays a 3% YoY (year-over-year) rise in funding for Germany. Moreover, reports show that the Western European Country saw its record share in the international market funding.
  • Unlike last year’s records of 0.9% in global funding and 1.9% in global deals, Germany experienced an increase in the percentage in both statistics this year. After all, reports revealed that Germany attracted up to 2.4% of the international blockchain funding and 2.5% of global deals.
  • It is quite interesting that Germany’s funding success comes from a capital venture decline that all continents are facing. Reports disclosed that all continents experienced a year-over-year downturn in funding. In addition, the report revealed a 62% decline in funding and a 44% drop in deals, unlike the previous 4-quarter period globally.

What’s Happening In Crypto Today?

At the time of this writing, the price of Bitcoin is at $26,626.37, with an increase in market cap by 0.96% and a drop in trading volume by 5.92%.

On the side of Ethereum, it is presently trading at $1,629.77, with an increase in market cap by 0.42% and a drop in trading volume by 13.26%.

  • Meanwhile, Tether is selling at $1.00, with a slight increase in market cap by 0.01% and a drop in trading volume by 3.30%.
  • BNB, on its own, is currently selling at $213.06, with an increase in market cap by 0.39% and an increase in trading volume by 7.27%.
  • XRP is currently trading at $0.4962, with an increase in market cap by 3.15% and an increase in trading volume by 15.48%.
  • Whereas USD Coin is, at this time, selling at $1.00, with a drop in market cap by 0.37% and a drop also in volume by 8.37%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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