In the second quarter of 2024, the cryptocurrency market attracted significant investments. Notable market movements also influenced the prices of key crypto assets.
Cryptocurrency Investments in Q2 2024
According to Rootdata, in the second quarter of 2024, the total funding raised was $2.83 billion in around 431 rounds. Iris Energy, a Bitcoin miner, secured the highest funding of $413 million. Another major event was HUT 8 securing $150 million to bolster its data center capabilities for artificial intelligence.
Top Investors of 2024
Since the beginning of 2024, Animoca Brands has participated in 65 funding rounds. On August 21, Fanton Fantasy Football, a blockchain-based fantasy sports platform, secured $1 million in seed funding, backed by Animoca Brands and Delphi. Cogitent Ventures has invested in dozens of startups, including projects such as Credbull, Wincast, and more.
Crypto Market Price Update
At the time of writing, the cryptocurrency market capitalization was $2.11 trillion, down 1.20% intraday. The market cap fell over 11% in the past 30 days. Bitcoin lost 1.54% of its trading price, reaching $60,314. Ethereum declined by 3.24% in a week, trading at $2,560. Helium (HNT) was the top gainer, with a surge of 8.25%, reaching $7.35, followed by Toncoin (TON), which grew more than 3.50%.
Despite market volatility, investments in cryptocurrencies continue to grow. Major players like Iris Energy and HUT 8 attract significant funds for project development. Market prices of key assets continue to fluctuate.
Comments