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Venture capitalists increased their investments in crypto projects in the second quarter of 2024 amid a slowdown in the market, Bloomberg writes, citing a PitchBook report. Investments in cryptocurrency companies during this period amounted to $2.7 billion, which is 2.5% more than in January-March.
This is the third consecutive quarterly increase in the total value of investments. The overall rise in cryptocurrency prices this year and the ongoing institutional adoption of digital assets suggests that fundraising will continue to grow, according to PitchBook analyst Robert Le.
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