Overview

• Global venture capital investment in crypto surged to $2.4 billion in the first quarter of 2024.
• The crypto industry had faced a seven-quarter decline, bottoming out at $1.7 billion in Q4 2023.
• Bitcoin reached an all-time high of $73,803.25 in March 2024 following the approval of spot Bitcoin ETFs.
• Early-stage crypto deals are becoming more competitive, with higher valuations than late-stage deals.
• Analysts expect continued growth in VC funding, barring major market downturns.