The cryptography market demonstrated a modest growth of 1.99% in the first half of 2025, after an explosive increase of 96.2% in 2024. This moderate performance was attributed to a correction in the first quarter, which experienced a drop of 18.61%, followed by a resumption in the second quarter with an increase of 25.32%. The global economy during this period was marked by a “great divergence”, key actors adopting different monetary policies, creating a volatile environment for cryptographic assets.
Bitcoin, the first cryptocurrency, has shown resilience in the middle of global volatility, with a return for the year of 13%. This performance has exceeded most traditional assets, and the Bitcoin market capitalization took place above 2 dollars of dollars during most of the half year, making it the sixth largest asset worldwide, exceeding Google and Meta. Bitcoin domination over the market increased to 65.1% in June, a high point in more than four years. The report stressed that capital flows into Bitcoin faster than the rest of the cryptography market, reflecting the accumulation of long -term investors and the growing integration of traditional finance.
The FNB Bitcoin Spot have become a key engine, total net inputs exceeding $ 13.7 billion since the start of the year. The Ibit of Blackrock dominated, absorbing the majority of new investments, while the GBTC de Grayscale continued to lose assets due to high costs. More than 140 public companies now store 848,100 BTC, the strategy retaining its leadership with more than 70.4% of the total reserves. The report noted that the historical summits have rekindled the interests of companies for Bitcoin, considering it as insurance and a tool to improve the effectiveness of capital in an environment of inflationary pressure and geopolitical tensions.
The regulatory environment of cryptocurrencies has undergone significant changes. The United States has adopted the Act on Engineering, establishing a federal framework to regulate stablescoins. The EU has fully implemented Mica regulations, while Asia has adopted mixed approaches, Hong Kong positioning itself as an innovation center and Singapore moving towards more strict regulations. The report also highlighted the StableCoin market, which has reached a market capitalization of $ 250 billion, reflecting renewed confidence and accelerating mass adoption. Tether (USDT) has maintained its domination, while the USDC has experienced significant growth, becoming stablecoin to the fastest growth in the first half.
The DEFI sector has remained stable in terms of total locked value (TVL), but recorded an increase in user activity. The number of monthly active addresses in decentralized protocols exceeded 340 million, an increase of 240% in annual sliding. This rapid growth of users in a cooling Altcoin market indicates that DEFI goes beyond a speculative bubble. Ethereum has solidified its network role for institutional capital, while Solana has become a leader for retail activity because of its high speed and low costs. The BNB channel has attracted users via Pancakeswap, capturing a large part of the negotiation volume on decentralized exchanges.
As part of the second semester, research in binance highlighted ten key themes, in particular a potential reversal of the Fed, a change in American policy towards legislation to increase institutional adoption and the acceleration of the integration of cryptocurrencies towards traditional finance. The report also noted the growing use of stablescoins in payment services, the evolution of active world (RWAS) in secondary markets and the development of bitcoin as a large -scale guarantee. In addition, the report has highlighted the progress of the development of Rollup, the integration of AI into cryptocurrencies and the potential of prediction markets as a global layer of information on future events.
