The price of Bitcoin entered a sharp decline in 2018, ending the year down nearly 80%. GettyWhile 2017 was the heyday for the entire crypto industry, in 2018 things turned a little darker. The most promising vertical for crypto and blockchain in 2018 was education and academia where slightly over 10% of companies failed. Despite the downturn, a total of 1,065 new ICOs raised about $21 billion for crypto and blockchain startups last year, although this figure was skewed towards Q1 and Q2 when crypto prices were between 80% and 90% higher. Time will tell if 2019 shows any better signs of life.

Source: Forbes January 31, 2019 11:51 UTC