Down more than 82 percent from its all-time high at $813 billion, the crypto market technically remains neck-deep in a 15-month long bear market that began in January 2018. But, in recent months, with support from some of the largest financial institutions in the global market, the crypto industry has seen significant progress in areas including institutionalization, regulation, and adoption. This week, reports have revealed that two major funds in the crypto market Pantera Capital and XRP Capital are finalizing a $175 million fund and $100 million fund, respectively, with freshly raised capital. Massive Funding Rounds Bolster Crypto Despite Waning
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