A recent report has suggested that the digital assets market has likely entered its “crypto winter” after the sector’s market capitalization and trading volume continued to decline for a second consecutive quarter.

Crypto Winter Arrives As Volumes Drop

On Thursday, CoinGecko affirmed that the market transitioned from a sharp correction to a “sustained” crypto winter in Q1 2026. This shift occurred as the late 2025 bearish momentum collided with the onset of global geopolitical tensions in the first quarter of the year.

According to its 2026 Q1 Crypto Industry Report, the total crypto market capitalization dropped around 20.4%, roughly $622 billion, ending the first quarter at $2.4 trillion and marking the second consecutive…