{"id":77189,"date":"2023-04-14T10:16:00","date_gmt":"2023-04-14T07:16:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77189"},"modified":"2025-09-10T21:53:21","modified_gmt":"2025-09-10T18:53:21","slug":"investment-in-crypto-startups-plunges-to-2-4-billion-in-the-first-quarter","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/investment-in-crypto-startups-plunges-to-2-4-billion-in-the-first-quarter\/","title":{"rendered":"Investment in crypto startups plunges to $2.4 billion in the first quarter"},"content":{"rendered":"<p>The volume of venture funding for cryptocurrency-related companies in January\u2013March fell to its lowest level in ten quarters, at $2.4 billion. According to PitchBook, from a peak of $12.3 billion the figure has collapsed by 80.5%, Bloomberg reports.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image-192.webp\" alt=\"image-192\" class=\"wp-image-204292\"\/><figcaption>Data: PitchBook.<\/figcaption><\/figure>\n<p>Reasons cited by the companies include regulatory uncertainty, the consequences of unfavourable market conditions, and scandals surrounding players in the industry.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>The decline is not unexpected. There are still concerns about the future development trajectory, as the macro environment is highly uncertain<\/em> \u2014 commented PitchBook analyst Robert Le.<\/p>\n<\/blockquote>\n<p>The analyst noted that venture funding this year has fallen across all fronts. In addition to the rise in interest rates, <a href=\"https:\/\/u1f987.com\/en\/news\/us-rescue-saves-svb-and-signature-bank-depositors-stablecoins-narrow-the-depegging\">The collapse of <span data-descr=\"Silicon Valley Bank\" class=\"old_tooltip\">SVB<\/span><\/a> \u2014 the backstop bank for such companies.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>This will not be based on <\/em><a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%91%D0%BE%D1%8F%D0%B7%D0BD%D1%8C_%D0%BF%D1%80%D0%BE%D0%BF%D1%83%D1%81%D1%82%D0%B8%D1%82%D1%8C_%D0%B8%D0%BD%D1%82%D0%B5%D1%80%D0%B5%D1%81%D0%BD%D0%BE%D0%B5\"><em>FOMO<\/em><\/a><em> or on what other investors are doing<\/em><\/p>\n<\/blockquote>\n<p>Aggregated data do not reflect an improvement in month-to-month momentum in February\u2013March. The analyst noted that this could signal the possible end of the worst period of the \u201cfinancial drought.\u201d Venture capital has money, and there remains interest in backing crypto startups.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWe will gradually start to see investors feel more comfortable,\u201d<\/em> Le predicted.<\/p>\n<\/blockquote>\n<p>As reported, European <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a> startups attracted <a href=\"https:\/\/u1f987.com\/en\/news\/european-web3-startups-attracted-a-record-5-7-billion-in-2022\">a record $5.7 billion<\/a> in venture funding in 2022, according to RockawayX.<\/p>\n<p>In February, Abu Dhabi launched <a href=\"https:\/\/u1f987.com\/en\/news\/abu-dhabi-launches-2-billion-fund-to-back-web3-startups\">a $2 billion fund<\/a> to support startups in the industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The volume of venture funding for cryptocurrency-related companies in January\u2013March fell to its lowest level in ten quarters, at $2.4 billion. According to PitchBook, from a peak of $12.3 billion the figure collapsed by 80.5%, Bloomberg reports.<\/p>\n","protected":false},"author":1,"featured_media":77190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1252,1133],"class_list":["post-77189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-reports","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=77189"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77189\/revisions"}],"predecessor-version":[{"id":77191,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77189\/revisions\/77191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77190"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}