Venture Capital Reignites Interest in Crypto with $2.4 Billion Investment in Q1 2024

After a prolonged decline, venture capital funding in crypto companies sees a significant rise, driven by regulatory approvals and market recovery.

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.