Crypto market news: Bitwise said the crypto market recorded negative returns for a third consecutive quarter in the second quarter of 2026, the longest losing cycle since 2022. The Bitwise Top 10 large-cap crypto index fell 15.4% in that quarter, with 8 of the 10 assets posting losses during the period. In addition, spot Bitcoin ETFs also recorded their worst outflow quarter since launch. Bitwise’s report said that in the second quarter, on-chain activity, trading volume, and assets in decentralized finance protocols all declined, while the correlation between crypto assets and stocks increased, making digital asset prices more closely tied to traditional risk markets.

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MemeSourdough
· 2h ago
Is the 2022 script coming back? This time, we need to keep a close eye on macro data
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TransparentGlassFeather
· 3h ago
This increase in correlation is worth being wary of—crypto’s safe-haven narrative is breaking down.
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AlmondMilkLiquidator
· 3h ago
Bear market is the norm—hang in there.
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LookingAtTheCandlestickChart
· 3h ago
Bitwise’s report is pretty brutal: three consecutive quarters of negative returns, massive ETF outflows, and on-chain data has also shrunk across the board. It feels like the whole market is increasingly moving in lockstep with US stocks, losing its independent price action.
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