After having culminated at 3.7 billions of dollars in the fourth quarter of 2024, the cryptography market entered 2025 with a lower momentum. Bitcoin had reached $ 109,000 and a market capitalization of 2.1 billions of dollars, driven by ETF entries and favorable macro-tendencies.
However, H1 2025 saw a net slowdown. Total market capitalization fell to 2.4 billions of dollars in the middle of the cycle before recovering at 3.31 dollars of dollars by July 1. Bitcoin experienced a major reduction, but bounced back to a new $ 112,000 ATH, supported by stable institutional purchases from the strategy and the metaplanet.
Macroeconomic pressures added to volatility. The Fed held stable rates at 4.25%to 4.5%, with inflation at 2.4%. Geopolitical tensions, including American prices and Middle East disorders, have maintained investors on board. Despite this, the crypto has shown resilience, supported by regulatory clarity and the increase in demand from emerging markets.
The feeling of investors was very volatile. The Fear & Greed index plunged from 94 in December to 10th year in March, but returned to 64 in July. However, the feeling remains linked to the range between 40 and 65, signaling persistent prudence on the market.
Table of contents
- Market preview
- Bitcoin Performance
- Ethereum performance
- Higher distribution of the category
- Top winners
- Top losers
- Stablecoin performance and market share
- Crypto ETF performance
- Presentation of the DEFI sector
- Important news and events
- Final perspectives for H2 2025
- Faq
Market preview
| Metric | January 1st | June 30 |
| Total market capitalization | $ 3.26 | 3.28 Billions of dollars |
| Monthly exchange volumes | $ 2.32 | 1.07 dollars |
| Bitcoin Dominance | 56.8% | 64.0% |
| Dominance Ethereum | 12.3% | 8.0% |
| Rest of the domination of altcoins | 31.5% | 26.0% |
| Fear and greed | 66 | 65 |
Bitcoin Performance
| Metric | January 1st | June 30 | Noticed |
| Bitcoin price | $ 94,951 | $ 108,800 | Gains increased by 12% |
| Exchange reserves | 2.89 million BTC | 2.44 million BTC | Indicates a higher accumulation |
| ETF -ETEVES | $ 5.25 billion (monthly) | $ 4.60 billion (monthly) | Lightly lower entrances |
| Active addresses | 827K | 900K | Increase shows demand |
Key events
- Institutional and government accumulation: strategy, metaplanet and governments of different countries have added the BTC.
- The geopolitical hollows caused by wars like Iran-Israel and American tariff threats caused brief slides.
Ethereum performance
| Metric | January 1st | June 30 | Noticed |
| Ethereum Prize | $ 3,366 | $ 2,524 | The gains decreased by 27% |
| Exchange reserves | 19.5 million eth | 19.02 million Eth | A slight difference in the reserves shows a lower accumulation |
| ETF -ETEVES | 101.16 million dollars (month) | $ 1.16 billion (monthly) | 10x growth in entries |
| Active addresses | 372K | 356K | The number of unique addresses is slightly down |
Key events and developments
- The upgrading of continuous protocol, the activity of Stablecoin and Défi remained solid.
- Institutional flows in ETH ETH have increased considerably.
- The price has remained abolished due to geopolitical factors.
Higher distribution of the category
| Category | Notable tokens | H1 trend summary |
| Layer 1 | Sol, Ada, Avx | Light growth led by the expansion of the ecosystem and the ETF ratings are higher |
| Layer – 2 | OP, ARB, MATIC | Strong gains as the adoption of the scale has increased |
| Corners | DOGE, SHIB | Volatile but recovering attention, in particular Doge, with FNB ratings that increased |
| Ia tokens | Fet, rnddr, agix | Momentum aligned with AI and crypto crypto |
| Game / Metaverse | Sand, axes, gala | Modest growth is observed |
| Challenge | Uni, Aave | Acquired from the activity and request for yield on the Charche |
Top winners
| Cryptocurrency | Percentage of gain (H1 2025) | Major catalyst |
Monero   XMRUSDT |
$ 186 at $ 318 to 71% of earnings | A significant increase in prices due to increased demand for cryptocurrencies focused on privacy. |
Hyperliquidal  Hydraves |
$ 22 to $ 39 to 74% | Rapid growth is attributed to improved liquidity and user engagement. |
Top losers
| Cryptocurrency losers | Percentage loss (H1 2025) | Major catalyst |
Bitcoin SV  Bsvusdt |
$ 55 at $ 24 to -45.23% | Regulatory uncertainties and decrease in investor confidence due to competition and security problems. |
| Pi Network (PI) | $ 2.99 to $ 0.48 to -36% | The price has dropped due to the low feeling of the market and the non-compliance with adoption expectations. |
Stablecoin performance and market share
| Metric | January | June | Noticed |
| Market capitalization | $ 204 billion | 251.55 billion dollars | Significant increase in global market capitalization. |
| Market capitalization share of stablescoin | 7.9% | 8.9% | Jump into the share of market capitalization of the stables. |
| Volume | $ 982 billion | $ 1.39 | Increase in the volume of chain transactions. |
The first half of 2025 marked a new phase of evolution of Stablecoin, characterized by an increase in volumes, a change of domination, increasing institutional adoption and increased legislative support. While the USDT and the USDC remained dominant, the small players like Pyusd, Rlusd and Dai have slightly expanded their market share. Ethereum continued to lead as the main layer of colony of Stablecoin, although Tron and Solana have gained ground as emerging launch.
Crypto ETF performance
- Us Bitcoin Spot ETF recorded a cumulative net input of $ 48.97 billion.
- The total net assets of the Bitcoin ETF reached $ 134.11 billion on June 30.
- Bitcoin ETF Holdings represents 6.27% of the total Bitcoin market capitalization.
- US Ethe Spot ETF saw a net cumulative influx of $ 4.21 billion.
- The total net assets of ETHEREUM amounted to $ 10.32 billion on June 30.
- ETF ETF Holdings is 3.42% of Bitcoin market capitalization.
- The buyout mechanisms in kind gain popularity for assets like Dogecoin
Dogeusdt and aptos Aptusdt. - There are currently 72 Altcoin ETF applications pending regulatory approval.
Presentation of the DEFI sector
- Total locked value (TVL) in DEFI increased from $ 86 billion to $ 112 billion by June 2025, reporting increased adoption and capital entrance.
- Aave dominated the loans market with more than 60% and $ 16 billion + Borrows.
- The Aave V3 protocol continued to attract guarantees, and anticipation around the launch of V4 has further strengthened confidence.
- Dex like Uniswap, Jupiter and Pancakeswap have seen increased network activity, causing higher costs and supporting the rebound in DEFI.
- User activity Dex at no cost of hype on several channels.
- The media threshing loan protocols also gained ground during H1 2025.
- AAV loan yields varied between 5% and 8% APY, against 2024 due to higher TVL and reduced risk premiums.
Important news and events
- In H1 2025, almost 334 – 344 hacks caused losses from $ 2.2 to 2.5 billion dollars, including bybit’s violation of $ 1.5 billion.
- The companies of Procap and Grant Cardone entered the Bitcoin Treasury race, intensifying the adoption of business cryptography.
- The American SEC has pointed out to opening up to life on the Crypto ETF, fueling speculation on future approvals from the Altcoin fund.
- Norway explores a crypto ban, while a different country, Kazakhstan, explores a national cryptography reserve.
- Metaplanet and Strategy aggressively widened their BTC assets, marking a change in business cash towards bitcoin as a long -term reserve ratio.
- Ripple dropped his transversal trick in the dry case, paving the way for the end of a multi -year legal battle.
- World Liberty Financial (WLFI), supported by Trump Family Ties, enlarged USD1 Stablecoin on the BNB channel, stimulating RWA and defined interest.
Final perspectives for H2 2025
Despite all the ups and downs, H1 2025 has proven how the cryptography market has become resilient. Bitcoin has reached a new summit of $ 112,000, and the global market rebounded at 3.31 dollars.
Now, if the increase increases, Bitcoin could reach $ 180,000 to $ 200,000, Ethereum $ 5,000 – $ 6,000, by the end of 2025. This growth could be fueled by future Fed rate drops, FNB entries and the stable payment law. In addition, DEFI is also full of momentum with $ 112 billion on TVL, and institutional interest continues to rise. With the FNB Altcoin on the horizon and the large players entering space, H2 2025 could be the configuration of a major break, which could possibly take the market capitalization of total cryptography to the bar of 4 to 5 billions of dollars. (Article_inside_subscript_shortcode Title = “Never miss a rhythm in the crypto world!” Description = “Stay in advance with the news, expert analysis and real -time updates on the latest bitcoin, altcoins, di, nfts, and more.” Catcème_name = “6”)
Faq
What are the prospects of the Crypto H2 2025?
If the FNB entries, the Fed cuts and the Stablecoin reforms are maintained, Bitcoin could reach $ 180 to 200,000, with market capitalization nearly 4 to 5 T $.
How did the feeling of investors change in H1 2025?
The feeling of crypto has gone from extreme fear (index ~ 10 in March) to moderate greed (~ 64 by July)
2025 Is it really a record year for the adoption of corporate bitcoin?
Yes, that’s absolutely. Public enterprises assets more than double From 2024 – from 64 companies to 151. Companies no longer express – they go everything, especially after the United States government reported political support.
How do business bitcoin holdings affect the market?
Many users speculate that major business purchases can cause prices overvoltages, reduce supply in circulation and influence the feeling of retail investors. There are also concerns about centralization if too much bitcoin is held by a few large entities.
