After a year and a half of decline, cryptocurrency venture capital finally saw a turnaround in the fourth quarter of 2023. Public data shows that cryptocurrency startups raised about $3.1 billion in the fourth quarter, higher than $2.1 billion in the second quarter and $1.7 billion in the third quarter. With prices falling and interest rates rising, the impact of the turmoil in 2022 continues, and venture capital interest weakened in the middle of 2023. The Galaxy report shows that the financing scale of the cryptocurrency industry in the third quarter was the lowest level since 2020, and the data in the fourth quarter brought the cryptocurrency financing figures closer to the level of the first quarter of 2023, when $3.3 billion flowed into cryptocurrency companies.