PlayIconNav
BTC
$68,730.90+1.58%
ETH
$3,755.53-1.24%
BNB
$603.02+0.33%
SOL
$169.20-0.58%
XRP
$0.53582887+1.14%
DOGE
$0.16462173+3.62%
TON
$6.37+2.76%
ADA
$0.46296875-0.78%
AVAX
$38.41-0.89%
SHIB
$0.00002469+1.15%
WBTC
$68,851.54+1.74%
Ad
Countdown to Consensus 2024Celebrating 10 Years of Decentralizing the Future
04
DAYS
07
HR
38
MIN
45
SEC
Reports

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

By Christine Kim
AccessTimeIconJul 8, 2021 at 12:45 p.m. UTC
Updated Oct 18, 2021 at 1:56 p.m. UTC
Research_Q2_Featured_1420x916
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

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.

Disclosure

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

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.