Caixin
Aug 05, 2022 06:10 PM
FINANCE

In Depth: Crypto Meltdown Puts Global Investors on Edge

Investment in cryptocurrency and blockchain companies slumped in the second quarter, as investors pulled back from risky assets amid increased volatility in crypto asset prices, a wave of failed projects, and bearish sentiment in global financial markets.

Global venture capital investment in the industries fell 29% from the January-March period to $6.5 billion, while the number of deals dropped 11% to 435, according to a report published July 26 by CB Insights. That was the first quarter-over-quarter drop for both measures in two years and a dramatic turnaround from the first three months of the year which saw investments totaling a record $9.2 billion, according to an earlier report by the data analytics firm.

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