Gate Ventures: Continued ETF outflows have led to cautious market sentiment, but long-term development signals are still emerging.
PANews reported on December 24th that, according to Gate Ventures' latest weekly crypto report, the crypto market remained under pressure over the past week. Amid continued outflows from ETFs and weak market participation, investor sentiment remained cautious. Bitcoin rose 0.55% for the week, while Ethereum fell 1.97%, with the ETH/BTC ratio further declining, exacerbating the divergence in performance among major assets. The overall cryptocurrency market capitalization declined slightly by 0.17%, with non-large-cap assets experiencing a more significant drop, reflecting continued limited risk appetite and persistently low market participation.
Despite sluggish price performance, industry-wide activity continues, with infrastructure development, protocol development, and venture capital funding ongoing. Some assets have seen temporary rebounds due to governance progress or institutional infrastructure developments; meanwhile, the ecosystem is driving protocol upgrade plans, multi-chain wallet functionality expansion, and the development of a compliant on-chain asset framework. In terms of venture capital, the market remained relatively stable overall, with 20 transactions completed last week. Funds primarily flowed into data, infrastructure, and DeFi-related sectors. Against the backdrop of still fragile short-term market sentiment, this signals a growing focus on long-term investment.
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