# Crypto Market Cap Hits Lowest Level Since 2024 Bitcoin and Ethereum lead global crypto market to third consecutive quarterly decline. - **Source:** [DailyCoin](https://brifing.si/source/3e9b0f85-cb2f-40ee-ba61-db9410cf0937) - **Published:** 2026-07-22 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/c8fde6db-cfff-4c68-afd6-dfd905765c29 ## Third Consecutive Quarterly Loss for Crypto CoinGecko's report reveals the global crypto market cap dropped 12.6% to $2.1 trillion in Q2 2026. This marks the market's third straight quarterly decline, standing 52% below October 2025's peak, signaling prolonged bearish sentiment. ## Sharp Declines in Bitcoin and Ethereum Market leader Bitcoin lost 14.2% of its value while Ethereum plunged 25.4%. Daily trading volume fell 20.9% to $93.1 billion. June saw the steepest losses due to ETF outflows and the Fed's hawkish policies, creating perfect storm conditions. ## Historic Stablecoin Contraction The stablecoin sector shrank 1.6%, its first decline since Q3 2023. USDC saw 4.8% outflows while USDT grew its dominance to 60% market share. Alternative stablecoins like USDe suffered double-digit losses as yields compressed below risk-free rates. ## Exchange Volumes Collapse Spot trading volume on centralized exchanges plunged 27.9% to $1.95 trillion. Binance maintained dominance while MEXC's volume halved. Perpetual futures also declined 10%. May recorded the lowest monthly volume at $619 billion before a slight June recovery. ## Prediction Markets Defy Trend Against broader declines, prediction markets surged 48.7% to $113.8 billion. Kalshi captured 58.9% market share amid major sporting events and Robinhood's new venture Rothera's rapid rise. Polymarket lost ground in the competitive landscape. ## Why Market Dynamics Matter Three straight quarters of contraction confirm sustained risk-off sentiment. However, growth in prediction markets and select altcoins like Hyperliquid's HYPE token indicates capital rotation rather than wholesale exit, revealing nuanced investor behavior. ## Sources covering this story - https://dailycoin.com/crypto-market-cap-hits-lowest-since-2024/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._