According to Coinbase’s Q2 2026 crypto report, produced in partnership with Glassnode, the cryptocurrency market is expected to form a bottom soon.

Notably, in Q1 2026, the global cryptocurrency market capitalization fell by 18%. At the same time, the stablecoin market grew from $308 billion to $318 billion.

That said, roughly 70% of non-institutions and 82% of institutions have categorized the crypto market as being in –

Either the bear market (markdown) or late bear market phases.

Though this might look concerning on the surface, it’s quite a jump from 1% and 36% in December 2025, respectively.

Price recap: Bitcoin and Ethereum

Upon examining the sentiment surrounding the price front, most investors consider Bitcoin [BTC]…