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<ul>
 <li>March was the biggest month for the sector’s fundraising since September 2022.</li>
 <li>In March, there were almost 20 investments in the early stages.</li>
</ul>
March saw the most financing for cryptocurrency firms in 18 months, as a result of a deluge of early-stage investments into crypto and blockchain-related businesses. As per statistics, over $1.4 billion has been invested in cryptocurrency firms. March was the biggest month for the sector’s fundraising since September 2022, when over $2 billion was raised.
An increase in Series A investments, which are considered early-stage investments, contributed to March’s stellar performance, according to John Dantoni, director of research at The Block. In March, there were almost 20 investments in the early stages, a significant increase from February’s nine, which was in line with the monthly average for the previous year, as reported by Dantoni.
<h3 class="wp-block-heading" id="h-investors-optimistic">Investors Optimistic</h3>
Prices have risen in tandem with the growth in industry financing. <a href="https://thenewscrypto.com/bitcoin-etfs-dominate-market-with-35b-whats-next-for-btc/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s</a> price, which started climbing sharply in early February, finally broke $70,000 this month as per data from <a href="http://coinmarketcap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>. This surge has largely been linked to the January 11 approval of spot Bitcoin ETFs in the U.S by the <a href="https://thenewscrypto.com/empower-oversight-and-u-s-sec-reach-settlement-in-ongoing-lawsuit/" target="_blank" rel="noopener noreferrer nofollow">SEC</a>.
Digital assets’ strong price performance left many wondering why venture capital had not seen a comparable upturn. According to Dantoni, this was a legitimate question, but it sprang from a misunderstanding about when contract notifications are made.
There is a typical lag between transaction activity and price performance as most agreements aren’t announced soon after they occur. Typically, venture transactions are finalized a month or more before they are formally publicized. When the total amount invested in crypto and <a href="https://www.investopedia.com/terms/b/blockchain.asp" target="_blank" rel="noopener noreferrer nofollow">blockchain</a>-related firms topped $90 billion last month, it was a big milestone.
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March Sees Crypto Firms Raise Over $1.4 Billion, Marking 18-Month High

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