Crypto Venture Capital Activity Slows As Early-Stage Investments Dominate In Q3
Portfolio Pulse from Ivan Crnogatić
Galaxy Research reports a slowdown in crypto venture capital activity in Q3, with a 20% decrease in investment and a 17% drop in deals. Early-stage investments dominate, while AI-related crypto projects see a surge. The US remains a key hub for crypto VC investment.
October 17, 2024 | 1:16 pm
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Bitcoin's range-bound trading below previous all-time highs is contributing to a slowdown in crypto venture capital activity, as highlighted in Galaxy Research's Q3 report.
Bitcoin's price stability below all-time highs is a factor in the reduced enthusiasm for crypto investments, as investors may be waiting for a clearer trend before committing more capital.
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