Crypto Market Posts Longest Quarterly Losing Streak Since 2022

The crypto market has experienced its longest quarterly losing streak since 2022, according to a recent report by Bitwise. The Bitwise 10 Large Cap Crypto Index fell 15.4% during Q2 2026, with eight of its 10 assets posting declines.

This marks the third consecutive quarter of negative performance for the market, with spot Bitcoin ETFs also recording their worst quarter of outflows since their launch.

Despite weaker prices across major crypto assets, stablecoin settlements and tokenized assets continued to grow. Stablecoin issuers now hold more U.S. Treasury securities than most countries, while tokenized real-world assets rose 50.3% in the first half of 2026 to $32.89 billion.

Onchain data shows that Ethereum transaction activity has increased by about 13 times since the bottom of the 2022 crypto downturn, while DeFi total value locked has risen by more than 60%.