Global VC investment in crypto, blockchain falls 29% in June quarter: CB Insights

Photo: Kanchanara / Unsplash.com

Investment in cryptocurrency and blockchain companies slumped in the second quarter, as investors pulled back from risky assets amid increased volatility in crypto asset prices, a wave of failed projects, and bearish sentiment in global financial markets.

Global venture capital investment in the industries fell 29% from the January-March period to $6.5 billion, while the number of deals dropped 11% to 435, according to a report published July 26 by CB Insights. That was the first quarter-over-quarter drop for both measures in two years and a dramatic turnaround from the first three months of the year which saw investments totaling a record $9.2 billion, according to an earlier report by the data analytics firm.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter