What happened Is crypto-mania over? Probably not, but the exchange operator most readily identified with cryptocurrencies -- Coinbase Global (NASDAQ: COIN) -- fell by nearly 2.5% on Monday. The cause, it seems, is a dispiriting new research update on the crypto market. Image source: Getty Images. So what Data compiled by London-based research company CryptoCompare indicates that spot trading volumes on the world's major cryptocurrency exchanges dived by nearly 43% on a month-over-month basis in June. Much of this was due to China's recent clampdown on cryptocurrency mining and trading, which shows no signs of letting up. As of late last month, according to a semi-reliable estimate from that country's Global Times, the government has managed to put an end to roughly 90% of all domestic Bitcoin (CRYPTO: BTC) mining. While people shied away from dealing in Bitcoin -- considered the benchmark cryptocurrency among its peers -- it didn't shed as much value as might be expected given that swoon in crypto trading volume. From the beginning to the end of June, Bitcoin fell only 6%. That compares very favorably to its 35% drop in May. On the back of the CryptoCompare report on Monday, Coinbase fell in sympathy with Bitcoin. The latter was down by just over 3%. Now what Crypto traders and investors are adjusting to life in the wake of the China crackdown. That doesn't, of course, mean they're particularly happy or enthusiastic about the current situation. Still, despite their persistent volatility and risk, cryptocurrencies remain attractive for many, and true believers shouldn't be dissuaded by CryptoCompare's data. 10 stocks we like better than Coinbase Global, Inc.When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Coinbase Global, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Bitcoin. The Motley Fool has a disclosure policy.Source