Crypto Funding In Startups Drop by 15% in August, Just Raised $943 Million

The post Crypto Funding In Startups Drop by 15% in August, Just Raised $943 Million appeared first on Coinpedia Fintech News

CryptoRank recently reported that crypto startups managed to raise just under $1 billion in funding during August 2024. However, the total amount raised by crypto startups for the month was $943 million, marking a 15% decrease compared to July. This drop in investments can be linked to the ongoing bear market. Bitcoin, the leading cryptocurrency by market cap, has experienced a significant decline, falling nearly 20% from $68,000 to around $55,000