Galaxy Research‘s latest report shows a continuing cooldown in crypto venture capital activity for Q3, in light of Bitcoin‘s BTC/USD range-bound trading below previous all-time highs.
Venture Capital Investment Tails Off In Q3
According to the report authored by Alex Thorn, head of Firmwide Research, and Gabe Parker, research analyst at Galaxy Research, venture capital investment in crypto startups declined to $2.4 billion in Q3, marking a 20% decrease quarter-over-quarter (QoQ). The number of deals also saw a significant drop, falling 17% QoQ to 478.
The researchers note that 2024 is on track to meet or slightly exceed 2023’s investment levels, with $8 billion invested in crypto startups through the first three quarters….
