Crypto slows down for another quarter | Crypto

Crypto slows down for another quarter

– Blockchain and crypto companies have raised $980 million from venture capital and private equity investors halfway into the third quarter, according to S&P Global data.

– If dealmaking remains at this slow pace through September, blockchain startups will notch fundraising gains of $2.2 billion a notable decline from the $2.7 billion raised in the second quarter of the year and $4.9 billion raised in the same period a year earlier.

– A deeper slowdown would suggest valuations have yet to hit bottom in the crypto space.

– The longer the funding dry spell lasts, the more likely it is for projects and companies to shutter their doors.

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