%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment The %Cryptocurrency venture capital market continued to recover in this year’s second quarter. According to Galaxy Research (GLXY), there were 577 crypto venture capital deals completed between April and the end of June this year, down slightly from 603 in the first quarter. However, the amount of capital invested in cryptocurrency start-up firms grew to $3.2 billion in the second quarter from $2.5 billion in the year’s first quarter. In a report, Galaxy Research said that the resurgence seen in cryptocurrency prices this year has led to “…competition and fear of missing out among investors.” Galaxy added that overall venture capital activity has struggled to keep up with the gains seen in %Bitcoin (CRYPTO: $BTC ) and other cryptocurrencies since January 2023 when the current rally began. Consequently, the amount of capital invested in cryptocurrency start-ups remains well below the levels seen during the 2021 bull market, said Galaxy Research. In Q2 of this year, early-stage companies received 78% of venture capital funds with 22% going to later-stage companies. The report concludes that venture capital activity within the cryptocurrency sector is likely to accelerate in this year’s second half.