According to CoinMeta, crypto stocks have entered a bear market, with $gemi falling by 84%, $figr by 70%, $iren by 68%, $mara by 63%, $coin by 59%, $riot by 56%, $glxy by 53%, $mstr by 51%, $crcl by 45%, and $hood by 43%. Bitcoin has fallen by 38.5% from its high of $126,000. Although six out of the nine companies reported revenue growth, the performance of all stocks was inferior to that of Bitcoin.