Venture capital investment in crypto picks up after long decline


FILE PHOTO: Representations of cryptocurrency Bitcoin are seen in this illustration picture taken in Paris, France, March 9, 2024. REUTERS/Benoit Tessier/Illustration/File Photo

LONDON (Reuters) - Global venture capital investment in crypto companies rose to $2.4 billion in the first three months of 2024, data showed on Monday, in a tentative sign that investor interest is returning.

Crypto venture capital flows peaked at $11.1 billion in the first quarter of 2022, before seven consecutive quarters of declining volumes, with just $1.7 billion in the last quarter of 2023, data from PitchBook showed.

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