Crypto market cap falls to $2.1T after third straight quarterly decline
- —Market cap shrank by $304.8 billion in Q2, from $2.4 trillion to $2.1 trillion
- —Bitcoin fell 14.2% and Ethereum dropped 25.4% over the quarter
- —Stablecoin market cap declined 1.6% to $305.1 billion, the first drop since Q3 2023
- —Current level is about 52% below the October 2025 peak
Why it matters: The stablecoin contraction signals capital leaving the ecosystem entirely rather than rotating into cash, suggesting the market may have further to fall.
Source: Crypto Briefing