Bitwise Reports Third Consecutive Crypto Market Decline as Tokenized Assets Reach Record Highs

TheNewsCryptoОпубліковано о 2026-07-10Востаннє оновлено о 2026-07-10

Анотація

Bitwise's Q2 2026 report details a third consecutive quarterly decline for the broader crypto market, with its Large Cap Crypto Index falling 15.4%. This downturn was marked by significant outflows from Spot Bitcoin ETFs, decreased trading activity, and heightened correlation with traditional stock markets. However, the report highlights a stark divergence from this negative price action, showcasing record growth in several blockchain sectors. Prediction markets saw trading volume surge to a historic $43.2 billion, while the total value of tokenized real-world assets grew over 50% year-to-date to nearly $32.89 billion. Key infrastructure also expanded, with stablecoin adoption and settlement volume outpacing major networks like Visa. Despite crypto asset prices underperforming, metrics such as Ethereum transaction activity and DeFi TVL have risen substantially from their 2022 lows, indicating robust and advancing underlying blockchain technology adoption.

In its report on Q2 2026, Bitwise noted that it was another tough quarter for digital assets despite growth in a number of blockchain verticals. The Bitwise 10 Large Cap Crypto Index fell by 15.4% in Q2 2026, marking another quarter in a row of crypto declines. Out of the ten constituent assets that form the index, eight saw declines over the course of the quarter. According to Bitwise, it is crypto’s third consecutive quarter in negative territory since late 2025.

There were record outflows from Spot Bitcoin ETFs since the introduction of such financial instruments by the regulators. The Fear and Greed Index signaled increased wariness on behalf of investors amid the cryptocurrency markets. Activity within blockchain transactions, decentralized finance assets, and cryptocurrency trading volume also dropped compared to prior quarters. In addition, the report showed that there was greater correlation between cryptocurrency prices and the stock markets. The mixed results were also because, despite poor market performance, Bitwise emphasized continued growth across different blockchain sectors.

Prediction Markets and Tokenization Continue Expanding

Prediction markets were among the most rapidly expanding industries of blockchain in the second quarter. The trading volume grew to its historical high of $43.2 billion, marking almost eighteen-fold year-on-year growth. Tokenized assets saw their total value grow by 50.3% year-to-date and reached a total of about $32.89 billion.

According to Bitwise, the Bitwise Crypto Innovators 30 Index grew by 30.6%, surpassing the performance of the cryptocurrency market as a whole. Adoption of stablecoins was increasing, with the growth of settlement volume reaching 2.3 times more than Visa. The issuers of stablecoins were holding more U.S. Treasury securities than many nations.

At the same time, Hyperliquid, PancakeSwap, and Aave all managed to earn around $900 million in annual protocol revenue. In comparison to the 2022 market bottom, Bitwise stated that the activity of transactions on the Ethereum network is up thirteen times, DeFi TVL is up more than 60%, and the AUM of stablecoins doubled.

According to Bitwise’s quarterly report, there seems to be a widening gap between the performance of cryptocurrencies and blockchain technology usage. Despite the third quarter decline for digital assets, many sectors of blockchain experienced rapid growth. Prediction markets, tokenization of real-world assets, stablecoins, and decentralized finance saw growth even amidst negative sentiment. This reflects that blockchain technology is advancing even though cryptocurrency prices have been underperforming.

Highlighted Crypto News:
Sony Bank Advances US Dollar Stablecoin Plans With Conditional OCC Trust Approval

Пов'язані питання

QAccording to the Bitwise report, what was the performance of the Bitwise 10 Large Cap Crypto Index in Q2 2026 and what does this represent for the overall market?

AThe Bitwise 10 Large Cap Crypto Index fell by 15.4% in Q2 2026, marking the third consecutive quarter of crypto market declines.

QDespite the general market decline, which two specific blockchain sectors showed significant growth in Q2 2026 according to the article?

APrediction markets and the tokenization of real-world assets showed significant growth. Prediction market trading volume hit a historical high, and the total value of tokenized assets increased by over 50% year-to-date.

QWhat evidence does the report provide to illustrate the growing adoption and scale of stablecoins?

AThe report states that stablecoin settlement volume grew to 2.3 times more than Visa's, and stablecoin issuers now hold more U.S. Treasury securities than many nations.

QHow does the performance of the Bitwise Crypto Innovators 30 Index compare to the broader cryptocurrency market in the reported quarter?

AThe Bitwise Crypto Innovators 30 Index grew by 30.6%, significantly outperforming the declining broader cryptocurrency market.

QWhat key divergence or gap does Bitwise's quarterly report highlight about the current state of the crypto and blockchain industry?

AThe report highlights a widening gap between the poor performance of cryptocurrency prices and the continued advancement and growth in blockchain technology usage across various sectors like DeFi, prediction markets, and tokenization.

Пов'язані матеріали

US Jobs, China PMI, and Inflation on Stage: Can Global Growth Maintain Resilience?

**Week 36 Macro Outlook: Key Data to Test Global Growth Resilience** The week from August 31 to September 6 will shift focus from policy discussions to a critical test of global economic activity. The sequence of events is key, starting with China's official August PMI on Aug 31, which will provide early signals on factory orders, services, and employment following July's contraction. The data flow then broadens. On September 1, US ISM Manufacturing PMI and the Eurozone's flash inflation estimate will offer simultaneous checks on demand, prices, and regional divergence. The subsequent US Federal Reserve Beige Book on September 2 adds granular, qualitative evidence on consumer spending, wages, and regional conditions. Australian Q2 GDP and Canadian trade and jobs data will test resilience in other major economies. The week's pivotal event, however, is the US August employment report on September 4. It will decisively influence expectations for interest rates, the US dollar, and broader risk appetite, acting as a final cross-check for the preceding data. The core question for markets is whether global growth can remain resilient. An ideal outcome would combine a rebound in China's PMI, stable US jobs growth, cooling inflation, and signs of a gradual demand slowdown. Conversely, weak Chinese manufacturing, sticky Eurozone prices, and disappointing US non-farm payrolls would create a more complex scenario of reduced corporate confidence and limited room for aggressive monetary easing, increasing pressure on cyclical assets. Investors should monitor the breadth of improvements—such as new orders and employment—rather than headline PMI figures alone. Confirmation across different data points is crucial. A positive combination of steady activity and disinflation could support equities, industrial commodities, and risk assets like crypto. However, if a growth slowdown triggers lower yields, it must be distinguished from a scenario of rising recession risks that would pressure corporate earnings, potentially limiting rallies. The market's final reaction will hinge on whether the week's signals align to either reinforce or challenge the current growth narrative.

marsbit1 хв тому

US Jobs, China PMI, and Inflation on Stage: Can Global Growth Maintain Resilience?

marsbit1 хв тому

Arthur Hayes Predicts New Financial Crisis and Bitcoin Rise to $126,000

Arthur Hayes, co-founder of BitMEX and CEO of Flop Labs, predicts a new financial crisis similar to 2008, driven by the massive US national debt nearing $40 trillion. He argues that to avert a collapse, the Federal Reserve will engage in covert money printing and yield curve control, making digital assets a key capital preservation tool. Hayes calls Bitcoin the "purest relief valve" against central bank money printing, forecasting its price could soar to $126,000 by year-end and potentially reach $500,000 after any major capitulation event, possibly triggered by a crash to $35,000. He strongly criticizes US regulatory efforts like the Clarity Act, stating they stifle real innovation and that Bitcoin needs no legislation. Hayes also introduced his new project, Flop Network—a decentralized computing power marketplace designed for an AI agent economy, which will distribute 20% of its tokens via airdrops without venture capital funding. He concludes that crypto is becoming a crucial financial hedge amid global instability but warns investors to exercise extreme patience and discipline.

cryptonews.ru1 хв тому

Arthur Hayes Predicts New Financial Crisis and Bitcoin Rise to $126,000

cryptonews.ru1 хв тому

Gold Price Hits $4,620 as Treasury Buyback Reignites Dollar Devaluation Speculation

Gold price surged to a three-month high above $4,620 per ounce as the U.S. Treasury Department's plan to double its long-term bond buybacks from September 9 to November 4 reignited fears of a weakening U.S. dollar. The dollar index dropped to a low not seen since mid-May following the announcement. Analysts noted the buyback program effectively shifts government borrowing towards short-term bills, a move markets view as negative for the dollar. This served as a catalyst, pushing spot gold as high as $4,600 with futures nearing $4,650. Technical analysts identified a breakout above the 200-day moving average, with the next key resistance level seen above $4,770. Some traders now speculate gold could reach $5,000 if the dollar's decline continues. Notably, the World Gold Council's optimistic 2026 scenario had been $4,500, a level already significantly surpassed. The same dollar-devaluation narrative also fueled a roughly 20% surge in Bitcoin following the Treasury's announcement, though some strategists remain skeptical of equating Bitcoin with traditional safe-havens like gold and silver.

cryptonews.ru31 хв тому

Gold Price Hits $4,620 as Treasury Buyback Reignites Dollar Devaluation Speculation

cryptonews.ru31 хв тому

Peter Schiff Declares Danger of AI for Bitcoin

Economist Peter Schiff has warned that artificial intelligence (AI) poses a threat to Bitcoin. He dismissed the view held by some Bitcoin proponents that the cryptocurrency could benefit from the AI investment boom and attract capital from investors seeking exposure to AI. According to Schiff, AI and Bitcoin are instead in direct competition for speculative capital, as well as for electricity and data center infrastructure. He further argued that more advanced AI models could potentially discover vulnerabilities in Bitcoin's code, cryptography, wallets, and network that are currently unknown to humans. Schiff considers this a significant risk, as Bitcoin's security and its capped supply rely on the flawless operation of its software and cryptographic mechanisms. This warning contrasts with the view of investors like BitMEX co-founder Arthur Hayes, who has predicted that a crash of the AI bubble in the stock market will be a key driver pushing Bitcoin's price to $1 million.

cryptonews.ru31 хв тому

Peter Schiff Declares Danger of AI for Bitcoin

cryptonews.ru31 хв тому

Expert Assesses Bitcoin's Growth Prospects After Consolidation Above $74K

Bitcoin remains above the significant technical level of $74,000 and could continue its move toward higher levels in the near future, although the market still faces correction risks, according to Kirill Komalenkov, Director of Strategic Communications at Bitbanker. He maintains a cautious outlook, noting that despite strong recent growth and improved technical indicators, a scenario for a significant correction is still possible. Currently, Bitcoin is trading around $77,3 thousand, consolidating near local highs of approximately $78,000. Komalenkov highlighted that holding above $74,000 increases the likelihood of altering the previous downward market structure, but this is not yet a definitive confirmation of a reversal. The next crucial level for Bitcoin is $82.5 thousand. A decisive break above this level would be a stronger signal of a structural market shift and could pave the way for further gains. In the coming days, the expert expects the main battle to be in the $76,000–$78,000 range. If support in the $74,000–$76,000 zone holds and the price breaks above $78,000, the next short-term targets could be $80,000–$82.5 thousand. Komalenkov warned that even a breakthrough above $82.5 thousand does not preclude a pullback. After a strong rally, the market could first decline to around $68,000 to gather liquidity before resuming its upward move. The next significant resistance zone is identified in the $98,000–$102,000 range. A confident break and hold above this level would substantially increase the probability of Bitcoin reaching new all-time highs. However, the expert also pointed to risks inherent in the modern cryptocurrency market, where many participants follow obvious technical scenarios and substantial liquidity can heavily influence price movements. Despite the current positive momentum, the possibility of a deeper correction remains. In the event of a sharp downturn, Komalenkov views the $44,000–$48,000 range as a potential area for forming a long-term market bottom. In related news, Russian Deputy Finance Minister Ivan Chebeskov stated on June 16 that non-qualified investors in Russia will soon be able to legally purchase Bitcoin, Ethereum, and popular stablecoins, with an annual limit of 300,000 rubles per intermediary.

cryptonews.ru41 хв тому

Expert Assesses Bitcoin's Growth Prospects After Consolidation Above $74K

cryptonews.ru41 хв тому

Торгівля

Спот