Crypto VC funding tumbles as financial uncertainty scares off traders

The month of June closed out with a 29.73% lower in enterprise capital investments, with simply $779.32 million raised in 62 particular person offers, in accordance with information from the Cointelegraph Analysis Enterprise Capital Database. Whereas the USA Federal Reserve halted rate of interest hikes in June, the macroeconomic local weather stays unchanged resulting from geopolitical uncertainties and continued efforts to tame inflation throughout the globe. As the information reveals, traders remained cautious and in risk-off mode in June, with the expansion pattern of the earlier three months coming to a halt.

Buy entry to the Cointelegraph Analysis VC Database.

Proceed Studying on Coin Telegraph