Sector data provider Hedge Fund Research (HFR) released a report saying that blockchain and cryptocurrency funds have lost nearly 50% in value since the beginning of 2018. The report showed that HFR Blockchain Index declined 22% in June alone and by 49% in the first six months, while the HFR Cryptocurrency Index dropped 23% last month and a total 48% from January to June. Data shows that the drop in the blockchain and cryptocurrency benchmarks reflects the loss of value in major digital currencies. For the first six months of this year, Bitcoin (BTC) fell 54% to $6,385.