After Bitcoin Surge, Crypto VC Creeps Toward a Comeback

Crypto startup deals are back. After a brutal year for cryptocurrency and blockchain-related companies, venture capital investment in the industry ticked up by nearly one-third from the previous quarter, according to new data.

VC investment in crypto startups reached $2.5 billion during the first quarter of 2024, a 32% increase from the last quarter and roughly even with the same period last year, PitchBook data show. At the same time, crypto startups are raising more capital and venture firms are launching new digital asset funds.