🚨Bitcoin and Galaxy news updates 🚨🧐🧐
According to a Galaxy Digital report the venture capital scene is robust in crypto with Q2 investments reaching $3.19 billion, this is up from $3.16 billion in the previous quarter. The number of such deals increased by 8% to 739, indicating continued investor interest despite some hesitation from various parties. Notable growth includes Web3 and Layer 1 projects, which collectively generated significant and massive funding Amid volatile cryptocurrency price fluctuations, the disconnect between Bitcoin market performance and venture capital investment suggests a more nuanced and mature approach to funding innovation. The significant investment in Bitcoin Layer 2 projects, which saw funds increase by 174%, shows the dynamism of the sector and investor confidence in infrastructure development. Growth in venture activity, especially in early-stage deals, predicts a potentially dynamic second year 2024 for the crypto sector. With competition among venture capitalists increasingly fierce, the current trajectory places 2024 to rival the peak investment years of 2021 and 2022, signaling a strong future for crypto ventures amid conflicting state and bank regulations in certain regions but there are also countries that legally use Crypto
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