VC crypto investments surge as market rebounds, hits $2.5b in Q1
Following a challenging period for crypto startups, venture capital investments saw a significant uptick in 2024.
According to recent reports from Bloomberg, VC funds increased by nearly one-third from the end of last year. During the first three months of 2024, investments in crypto startups hit $2.5 billion, marking a 32% rise from the preceding quarter and mirroring levels seen in the same timeframe last year. Market-leading tokens like Bitcoin and Ethereum increased by over 50% during the same period.
The resurgence comes as crypto startups secure larger funding rounds and venture capital firms introduce new funds dedicated to digital assets.
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