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Nine crypto VCs on why Q1 investments were so hot and how it compares to previous bull market

TechCrunchTechCrunch · 1y ago
Nine crypto VCs on why Q1 investments were so hot and how it compares to previous bull market
Medial

The first quarter of 2024 has seen a surge in investments in the crypto and blockchain sectors, with a total of $2.52 billion raised, a 25% increase compared to the previous quarter. Positive legal wins for Ripple and Grayscale, the rise of decentralized finance (DeFi) on Solana, and increased demand for Bitcoin following SEC spot bitcoin ETF approvals have contributed to this surge. The crypto venture capital funding landscape is cautiously optimistic and rebounding from a challenging period, with notable upticks in deal-making activity. The market is expected to continue heating up throughout the year, driven by a bullish macro backdrop and institutional interest.

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