On the surface, the cryptography market has barely moved in the first half of 2025.
Despite the whole crisis of prices, the imminent recession, war and increased expectations of cryptographic friendly policies and a strategic reserve of digital assets with the return of Donald Trump to the White House, total market capitalization of cryptocurrencies, measured by TradingView, increased from 3% to 3.27 billion dollars in the past six months.
By looking more closely, the performance was clearly uneven, Bitcoin BTC holding the rest of the market.
BTC climbed 13% in the first six months of 2025, continuing to surpass the larger market. Meanwhile, Ethereum’s ether Ethereum, the second largest cryptographic asset, plummeted 25% and Solana Sol lost almost 17%.
The smaller and smaller tokens have suffered even more clear losses: the index of others on tradingView, which excludes the 10 largest assets by market capitalization, plunged 30%.
Despite the modest start of the year, some analysts see the place to renew upwards. Joel Kruger, strategist of the LMAX group market, noted that July has always been a solid month for the crypto, with an average of 7.56% of yields since 2013.
“We are entering a period that has traditionally provided stronger yields,” said Kruger. “With the second half of the year producing historically excessive gains, the wider configuration remains encouraging.”
Kruger also pointed out that the trend of the Crypto-Tresor treasure strategy is growing more and more beyond Bitcoin, companies announcing plans to accumulate digital assets like ETH.
Coinbase analysts also maintained a positive perspective for the crypto throughout the year, driven by a favorable macroeconomic backdrop, potential rate reductions by the federal reserve and increasing regulatory clarity in the United States, the legislators bringing up the legislation for stablecoins and the broader structure of the crypto market.
However, the next two months could be dull, said Bitfinex analysts. The next quarter-year from July was historically the weakest for Bitcoin, having only 6% of earnings since 2013, they said in a Monday report.
“This is also where the average volatility is moderate, adding to our bias the action of the price linked to the beach continues longer,” noted the authors.
