Venture Capitalists Infuse $2.5 Billion into Crypto Market, Boosting Coin Value in Q1 2024: Galaxy Research Insights

Venture Capitalists Infuse $2.5 Billion into Crypto Market, Boosting Coin Value in Q1 2024: Galaxy Research Insights

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  • New data from Galaxy Research reveals a significant increase in venture capitalist investments in the cryptocurrency industry during Q1 of 2024.
  • The total investment reached $2.49 billion, marking a 29% quarter-over-quarter rise.
  • This surge in investment could indicate that Q4 of 2023 was the market bottom, with Bitcoin’s price decoupling from VC activity.

Galaxy Research reports a 29% QoQ increase in venture capitalist investments in the cryptocurrency industry during Q1 of 2024, suggesting a potential market recovery.

Surge in Venture Capitalist Investments in Crypto

According to a recent report by Galaxy Research, venture capitalists invested a staggering $2.49 billion into cryptocurrencies during the first quarter of 2024. This represents a 29% increase from the previous quarter, marking the first rise in both capital inves... Read the full article for FREE at COINOTAG!

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