Global venture capital investment in crypto companies increased to $2.4 billion in Q1 2024

From Investing.com: 2024-05-20 04:16:32

Global venture capital investment in crypto companies reached $2.4 billion in Q1 2024, signaling renewed investor interest after a decline in volumes. However, this is down from the peak of $11.1 billion in Q1 2022. The industry is still early stage, with room for growth and innovation, according to PitchBook. With low interest rates and high risk appetite driving growth in 2020 and 2021, a series of bankruptcies in 2022 led to caution among investors. Crypto has since rebounded, with bitcoin hitting a new high of $73,803.25 in March 2024, but faces ongoing challenges.

Read more at Investing.com: Venture capital investment in crypto picks up after long decline By Reuters