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Blockchain.com co-CEO Lane Kasselman said the cryptocurrency market has shifted from being driven by retail investors in 2021 to being led by institutions, according to Crypto Briefing, which cited a Bitcoin Magazine TV interview.
Kasselman said venture capital funding flowing into new startups has declined, while established incumbents that have been operating for more than a decade are growing by absorbing a larger share of the market. Kasselman added it is difficult to definitively call a market bottom, but described the market as stabilizing in the right direction.