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Crypto Market Falls to Nearly Two-Year Low as Stablecoins Shrink

Crypto Market Falls to Nearly Two-Year Low as Stablecoins Shrink

The crypto market lost over $300 billion in Q2 and ended June at its lowest level since September 2024, CoinGecko says.

The combined value of all cryptocurrencies fell 12.6% in Q2, from $2.4 trillion to $2.1 trillion, according to a Thursday report from CoinGecko, which marked the industry’s third consecutive quarterly decline and left the market about 52% below its October 2025 peak.

Chart showing crypto market's cap vs total volume traded. Source: CoinGecko
Chart showing crypto market’s cap vs total volume traded. Source: CoinGecko

Bitcoin declined by about 14% throughout the quarter, with Ethereum dropping by more than 25%, despite positive performance by stocks in the U.S. market. As CoinGecko notes, April started out quite well but was followed by the worst…

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