It has been an extremely difficult time to be a digital asset investor. As of June 29, the entire cryptocurrency market capitalization stands at less than $2.1 trillion. That figure is down more than 50% from the peak of $4.3 trillion in early October.

That’s a discouraging trend on its own. But it’s worse when you realize that the S&P 500 index has climbed 9% since the crypto market’s apex.

The market is clearly not bullish on cryptocurrencies right now. And two of the most popular digital assets, Bitcoin (BTC 0.90%) and Ripple’s XRP (XRP 0.23%), are feeling the pressure. The former is 52% off its record, while the latter is 71% lower than its all-time high.

Opportunistic investors who still view this industry as a promising place to…