[Venture capital in the crypto space fell to $1.7 billion in Q3, down 31.3% from the previous quarter] Golden Finance reported that according to Bloomberg, venture capital in the cryptocurrency space fell sharply in the third quarter before the election fever of US President-elect Trump revived industry sentiment. PitchBook data shows that cryptocurrency startups attracted $1.7 billion in investment in the three months ending September 30, down 31.3% from the previous quarter. The number of deals reached fell 25.3% to 392. "We believe this adjustment is a natural and necessary part of a healthy cryptocurrency market," PitchBook senior analyst Robert Le wrote in the report. Le attributed the decline in cryptocurrency venture capital transactions to macroeconomic factors, including increased market volatility and concerns about a US recession. As in the previous quarter, infrastructure projects such as new blockchains continued to be favored by venture investors in the third quarter. Le said he expects further integration between cryptocurrency exchanges, custodians and infrastructure companies in the future.