The fundraising in the cryptocurrency industry has seen a rise in recent times, hitting about $2.4 billion, in the beginning of this year. This rise in fundraising in the first quarter, is due to new inflows, and better sentiments about the cryptocurrency market.
The cryptocurrency sector has been attracting both public investors and private investors. When comparison is made between the investments made in cryptocurrency during the first quarter of this year, and the quarter before; there's significant surge in crypto investments in this year.
The bullish phase experienced by the cryptocurrency market in the first quarter of 2024, drove the increase in interest of investors. Many institutional investors invested into the cryptocurrency industry, after spot Bitcoin ETFs were approved by the Securities and Exchange Commission (SEC).
About $2.4 billion was invested into the cryptocurrency sector in the Q1 of 2024, from about 518 deals. This indicates that a significant surge of about 40.3% was seen in crypto investments, when compared to the quarter before.
It is great that the crypto space is now attracting more people. This shows that global adoption is almost here.
Nice piece buddy.
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