Crypto market logs third straight quarterly loss in Q2 2026

The cryptocurrency market recorded its third consecutive quarter of losses in the second quarter of 2026, marking its longest losing streak since the 2022 bear market, according to a market review from asset manager Bitwise. The firm's Bitwise 10 Large Cap Crypto Index fell 15.4% during the quarter, with eight of its ten constituent assets finishing lower.

The report noted that spot Bitcoin exchange-traded funds recorded their largest quarterly net outflows since their U.S. launch, adding to selling pressure as institutional demand slowed. The broader market decline saw Bitcoin fall below $60,000 and suffer its worst June in four years, leaving it approximately 49% below its all-time high from October 2025. Among major assets, Cardano (ADA) was the worst performer in the index, dropping nearly 40% for the quarter. Ethereum and XRP lost roughly 25% and 21% of their value, respectively. Only two index constituents, Hyperliquid (HYPE) and Stellar Lumens (XLM), posted gains for the quarter, rising 79% and over 10%.

Despite the price weakness, the report argued that fundamental blockchain adoption and network activity continued to strengthen. Prediction market trading volume reached...