Crypto Report

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Crypto continues investment decline in Q3, but infrastructure remains strong

Q3 2023 saw a cooling in the crypto sector, according to PitchBook’s latest Emerging Tech Research Report. A challenging environment for crypto assets mixed with regulatory uncertainty reversed much of the momentum from the first half of the year, with deal values falling to $1.8 billion, a 28.3% decrease from last quarter. Still, institutional adoption has continued its upward trajectory, and there are several startups working on making crypto accessible, including connecting different blockchain networks and streamlining often complex transactions. PitchBook’s latest Emerging Tech Research lays out the key trends, opportunities, and players within the space.