2024

EigenLayer

Bitcoin

Billion

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-sector-sees-significant-investment-surge-in-early-2024/" data-wpel-link="internal">Crypto Sector Sees Significant Investment Surge in Early 2024</a> 
In the first quarter of 2024, the cryptocurrency sector saw a significant increase in investments, reaching $2.4 billion. This increase, as detailed in a recently published report by PitchBook, is a result of changes in market sentiment and new entries. 
<h2 style="text-align: justify" id="strong-2-3-billion-influx-in-three-months-strong">$2.3 Billion Influx in Three Months</h2> 
According to the report, the cryptocurrency sector saw an influx of $2.3 billion through 518 investment deals in the first three months of the year. This represents a 40.3% increase in investments compared to the previous quarter, showcasing a strong market recovery and growing investor confidence. There was also a notable increase in transaction volume by 44.7%, reflecting the rise in on-chain activity observed in the fourth quarter of 2023. 
The report also highlights significant increases in market valuations due to rising asset prices. PitchBook analysts foresee a steady increase in investment figures throughout the year. Pre-seed/seed investments reached $21.8 million, early-stage investments $72 million, and late-stage investments $51.1 million, marking annual increases of 85.5%, 148.3%, and 7.6%, respectively. 
<h2 style="text-align: justify" id="strong-significant-deals-throughout-the-quarter-strong">Significant Deals Throughout the Quarter</h2> 
Infrastructure initiative EigenLayer led the funding inflows with a $100 million Series B investment round, while Zama, a company specializing in Fully Homomorphic Encryption (FHE), received $73 million in investment. The largest investment deal recorded during the quarter was Together <a href="https://newslinker.co/" data-wpel-link="exclude">AI</a>, which raised $106 million, bringing its valuation to $1.1 billion. These high valuations indicate increased institutional interest and confidence in the <a href="https://en.coin-turk.com/bitcoin-price-analysis-and-kas-coin-forecast/" data-wpel-link="internal">cryptocurrency market</a>. 
Meanwhile, changes were also observed in median investment figures. Pre-seed/seed investments rose to $2.7 million, early-stage investments to $5 million, and late-stage investments to $5.8 million. These figures represent increases of 24.9%, 25%, and a decrease of 9.7%, respectively, compared to the entire year of 2023. 
The biggest factor behind the increase in investments in the cryptocurrency sector was the <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">bull market</a> in the first quarter, where cryptocurrency prices reached levels not seen in months. The approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) triggered a new wave of institutional investment. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-353040" src="https://coin-turk.com/wp-content/uploads/2024/05/Bitcoin-Kripto-Para.jpg" alt="" width="1624" height="792"> 
In April, the price of Bitcoin reaching an all-time high of around $73,750 also attracted more investors to the market and increased activities in venture capital funds. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-sector-sees-significant-investment-surge-in-early-2024/" data-wpel-link="internal">Crypto Sector Sees Significant Investment Surge in Early 2024</a></h5>

Crypto Sector Sees Significant Investment Surge in Early 2024

Table of Contents

COINTURK NEWS

Other articles published on May 18, 2024

Bitcoin Investor Sentiment Witnesses Bullish Shift – BTC Price To $70,000 Soon?

Which Crypto to Buy Before Altseason For 50-100X Gains? Analyzing the Best Crypto Projects for 2024

🚀 GoMarket Weekly #10🚀

PEPE and KANG witness surge in whale activity amid price rally to new all-time high

Ethereum Approaches $3,200 Resistance Level

Ethereum Price Approaches $3,200

Join our free newsletter for daily crypto updates!