Market picture Local market capitalisation peaked on March 14th, but the active decline began about a month ago, with a sequence of lower lows and lower highs. During the previous week, the crypto market held near the upper boundary of the descending channel. Cryptocurrencies are being helped by increased risk traction in stock markets. Still, there is also internal pressure, likely related to asset sell-offs by miners and fears of tighter regulation of cryptocurrencies.
News background US venture capital fund Pantera Capital said it has invested a record amount in TON, which has not yet been disclosed. Pantera attributed the decision to invest in TON to the project's potential to become one of the largest crypto networks. Toncoin rose nearly 20 per cent over the week, showing the best growth in the top 100 cryptocurrencies.
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