On the floor, the crypto market barely moved within the first half of 2025.
Regardless of all of the tantrum about tariffs, impending recession, conflict, and heightened expectations of crypto pleasant insurance policies and a digital asset strategic reserve with Donald Trump’s return to the White Home, the entire market capitalization of cryptocurrencies, measured by TradingView, inched up a measly 3% to $3.27 trillion over the previous six months.
Wanting nearer, the efficiency was starkly uneven, with bitcoin
holding up the remainder of the market.
BTC climbed 13% within the first six months of 2025, persevering with to outshine the broader market. In the meantime, Ethereum’s ether
, the second-largest crypto asset, tumbled 25%, and Solana shed almost 17%.
Smaller and riskier tokens endured even sharper losses: the OTHERS index on TradingView, which excludes the ten largest belongings by market cap, plunged 30%.
What’s subsequent?
Regardless of the modest begin to the 12 months, some analysts see room for renewed upside. Joel Kruger, market strategist at LMAX Group, famous that July has traditionally been a robust month for crypto, averaging 7.56% returns since 2013.
“We enter a interval that has historically delivered stronger returns,” mentioned Kruger. “With the second half of the 12 months traditionally producing outsized positive aspects, the broader setup stays encouraging.”
Kruger additionally highlighted that the crypto treasury technique pattern is more and more increasing past bitcoin, with companies saying plans to build up digital belongings like ETH.
Coinbase analysts additionally maintained a constructive outlook for crypto by the second half of the 12 months, pushed by favorable macroeconomic backdrop, potential charge cuts by the Federal Reserve and growing regulatory readability within the U.S. with lawmakers advancing laws for stablecoins and the broader crypto market construction.
Nonetheless, the following couple months may very well be lackluster, Bitfinex analysts warned. The following quarter-year beginning with July has been traditionally the weakest for bitcoin, averaging solely 6% positive aspects since 2013, they mentioned in a Monday report.
“That is additionally the place common volatility is subdued, including to our bias of vary sure value motion persevering with for longer,” the authors famous.