A New Crypto Bear Market Begins: CoinDesk Quarterly Review 2021 Q2

Jul 8, 2021 at 12:45 p.m. UTC

Updated Oct 18, 2021 at 1:56 p.m. UTC

The second quarter of 2021 was characterized by price retracing in most crypto assets in the CoinDesk 20, signaling the early beginnings of a new crypto bear market. Notably, bitcoin (BTC) had its third worst quarter ever in price performance, dropping 40%. The CoinDesk Quarterly Review 2021 Q2 dives into the main trends, developments and technological progress that shaped the crypto markets from April to June 2021. The topics covered in this report include: BTC/ETH returns, volatility and correlations compared to macro assets, signs of a crypto bear market, total value locked in Decentralized Finance (DeFi), Bitcoin mining in China and its impact on the environment, The Bitcoin Mining Council, and more.

Read more about

Bitcoin Ethereum Markets Macro DeFi

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.