Analytics / Forex and Crypto News
During the first quarter of 2019, in the largest cryptocurrency institutional investments began to grow at an impressive pace than in the previous period.
According to the report published by Business Insider, since the beginning of the year, major players have invested more than $850 million in the cryptosphere. 13 large transactions were made in the cryptocurrency space, most of which came from Bitcoin operations.
Analysts emphasize that while the increase in institutional investment in this segment of the economy is proceeding at an extremely slow pace if compared with other market trends. However, such dynamic signals a gradual reversal of sentiment and increase of interest in digital assets.
In addition to Bitcoin and altcoins, institutional investors are increasing funding for blockchain projects aimed at launching the automating business processes.
One of the supporters of Bitcoin, Anthony Pompiano, has repeatedly stressed that institutional players are showing an increased interest in cryptocurrencies. However, there are a number of factors that hinder the transition of such investors into the cryptosphere.
Among them is the recent decision of the Chicago Stock Exchange Options (CBOE), which decided to suspend the launch of bitcoin futures to analyze the situation on the market.
But there are some factors that have a positive effect on the development of the cryptocurrency industry and stimulate the inflow of large capital into it. For example, the Chicago Mercantile Exchange (CME) didn’t give up bitcoin futures but even surpassed the largest crypto exchange in the volume of bitcoin spot trading.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov