Crypto VC Funding Drops 20% in Q3 2024

The post Crypto VC Funding Drops 20% in Q3 2024 appeared first on Coinpedia Fintech News

Crypto venture capital funding fell 20% in Q3 2024 to $2.4 billion, driven by a “barbell market” where Bitcoin and high-risk memecoins dominated, leaving mid-tier projects overlooked, according to Galaxy Digital. The report noted a 17% decrease in deals, with 478 closed. Large investors have shown minimal interest in early-stage crypto ventures, focusing instead on Bitcoin and new ETFs. The correlation between Bitcoin’s price and venture funding has weakened. Early-stage projects, particularly crypto exchanges and blockchain firms, captured 85% of the total capital raised.