Cryptocurrency Market Sees Second Consecutive Quarter of Decline

The cryptocurrency market has experienced a significant downturn, with the total market capitalization decreasing by 20.4% to $2.4 trillion in Q1 2026. This marks the second consecutive quarter of decline, as reported by CoinGecko in its 2026 Q1 Crypto Industry Report.

According to the report, daily trading activity declined by 27.2% Quarter-over-Quarter (QoQ), with an average daily trading volume of $117.8 billion. The spot trading volume on top 10 centralized exchanges also decreased, reaching a low point in March, which was the weakest month of Q1.

The report highlights that all major cryptocurrencies, including Bitcoin and Ethereum, experienced significant declines, with some altcoins performing relatively better than others. However, the total stablecoin market capitalization remained mostly flat during this period.