Bitwise releases Q3 2026 report, crypto market records third consecutive quarter of negative returns

Bitwise released its review report of the crypto market for the third quarter of 2026. In the second quarter, the Bitwise Top 10 Crypto Index fell by 15.4%, with 8 out of the 10 constituents declining. Spot Bitcoin ETF saw its worst quarterly outflow, while on-chain activity, trading volume, and DeFi assets all decreased. The correlation between the crypto market and stocks increased, resulting in the third consecutive quarter of negative returns—the longest continuous decline since 2022.