Gate Ventures: BTC and ETH lead the recovery trend, on-chain activity and financing warm up

BTC-0,18%
ETH-2,14%

PANews January 20 News, according to the latest crypto weekly report released by Gate Ventures, the overall crypto market experienced a slight rebound over the past week, with BTC and ETH rising by 3.04% and 5.29% respectively, driving the total market capitalization of crypto assets to recover by 2.24% during the week. ETF capital inflows remain an important support factor for the market, with net inflows of approximately $1.42 billion and $479 million into BTC and ETH ETFs respectively. Market sentiment has improved, rising from 27 to 44, but still remains in the “Fear” zone. The overall gains are mainly concentrated in mainstream assets, and the market structure remains fragmented.

On-chain and industry activities continue to advance in areas such as payment infrastructure, staking participation, and venture capital. In the payment sector, WalletConnect Pay has partnered with Ingenico to enable stablecoins to be used for payments at global offline sales terminals; Polygon has acquired Coinme and Sequence to build a compliant integrated on-chain payment system, further expanding the application of crypto assets in real-world scenarios. At the network level, influenced by a surge in BitMine staking activities, the queue length for Ethereum validators has reached a new high since 2023, reflecting increased staking demand and higher network participation. In terms of investment and financing, 14 deals were completed last week, with disclosed funding totaling approximately $289 million, a 5% increase from the previous week. The funds are mainly concentrated in infrastructure and DeFi-related fields, indicating that, despite cautious market sentiment, capital allocation remains structurally active.

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