Crypto venture capital funding fell 20% in Q3 2024 to $2.4 billion, driven by a “barbell market” where #bitcoin☀️ $BTC
and high-risk #Memecoins🤑🤑 dominated, leaving mid-tier projects overlooked, according to Galaxy Digital. The report noted a 17% decrease in deals, with 478 closed. Large investors have shown minimal interest in early-stage crypto ventures, focusing instead on #Bitcoin❗ and new ETFs. The correlation between Bitcoin’s price and venture funding has weakened. Early-stage projects, particularly crypto #exchanges and blockchain firms, captured 85% of the total capital raised.
