Crypto Startup Funding Surges to $2.4 Billion in Q1 2024 PitchBook Data
According to PitchBook statistics, financing for cryptocurrency startups increased to $2.4 billion in the first quarter of 2024 across 518 deals, repr
According to PitchBook statistics, financing for cryptocurrency startups increased to $2.4 billion in the first quarter of 2024 across 518 deals, representing the second consecutive quarterly rise. The first U.S. bitcoin spot ETF was introduced, and forecasts of decreasing interest rates drove this rise, up 40.3% from the previous quarter. Even though market upheavals and economic worries have caused investor trust in digital asset companies to decline since 2022, the legalisation of spot bitcoin ETFs—most notably by Fidelity and BlackRock—boosted the industrys respectability. Blockchain infrastructure and cryptocurrencyfocused startups brought in a lot of money Together, AI closed the biggest deal of $106 million. Analyst Robert Le predicts further merger activity among cryptocurrency exchanges, custodians, and infrastructure providers as the market matures.
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B2B Tech News | 2 months ago