The primary half of 2025 has been eventful for crypto. Bitcoin (BTC) value climbed round 24% through the first six months whereas Ethereum (ETH) misplaced almost 12% of its worth.
With President Donald Trump taking workplace in January, the U.S. method to cryptocurrencies has shifted considerably. A number of lawsuits towards crypto corporations initiated through the Biden administration have been dropped or resolved. And the passing of the GENIUS Act marked the primary crypto laws within the U.S.
Bitcoin additionally turned the asset of selection amid the uncertainty of Trump’s tariffs, pushing it to an all-time excessive of round $112,000 in Could. Institutional curiosity in Bitcoin and crypto has additionally skyrocketed, with spot Bitcoin exchange-traded fund (ETF) web inflows totaling round $14.4 billion as of July 3, in line with information from Farside Buyers.
With BTC presently buying and selling at above $117,000, listed here are some tendencies buyers can anticipate to see within the second half of 2025.
Bitcoin treasury firms increase
Since Trump signed an govt order in March to create a U.S. strategic Bitcoin reserve, a number of Bitcoin treasury firms have emerged. A Bitcoin Treasury firm holds a serious chunk of its reserve belongings in BTC.
Whereas Michael Saylor-led Technique (previously MicroStrategy) has been following the mannequin for years, firms like Metaplanet and Twenty One have turn out to be new entrants. Final week, Saylor stated that Bitcoin Treasury firms have potential for exponential progress—they’ll develop as quick as they’ll problem safety and purchase BTC.
Firms like Coinbase and Common Digital Inc. have additionally introduced plans for making a BTC treasury. Final month, the U.S. Securities and Change Fee (SEC) greenlighted Trump-owned Trump Media and Know-how Group’s $2.3 billion Bitcoin Treasury deal.
Bitcoin treasury firms are popping up throughout all main world economies and this development is prone to proceed within the second half of 2025, Stephen Cole, co-founder and CEO of Bitcoin treasury resolution supplier Fort, instructed Investopedia. Cole said:
“The latter half of 2025 will mark a pivotal second for bitcoin’s adoption as a treasury asset, pushed by a convergence of worldwide market tendencies, shifting company methods, and institutional validation.”
Cole added that “the query of whether or not to amass Bitcoin is rapidly going from if to when” for all companies, regardless of their measurement. In actual fact, by the top of 2025, Cole expects a number of main tech giants to start shopping for BTC and defining their allocation methods.
Altcoins will nonetheless have a task to play
Regardless of the rise in Bitcoin Treasury firms, demand for altcoins is prone to proceed for the remainder of the yr. David Lawant, Head of Analysis at FalconX, instructed Investopedia that regardless of entry to BTC turning into simpler, altcoins which have a “robust and distinct basic worth proposition” will proceed to carry out effectively. Lawant added:
“Regulatory shifts such because the crypto market construction invoice and a extra permissive stance towards decentralized finance (DeFi) experimentation might unlock highly effective new tendencies.”
Crypto ETFs and IPOs
With the SEC adopting a extra pleasant method to cryptocurrencies beneath the Trump administration, extra ETFs are prone to get authorized by the top of the yr. Bloomberg ETF analyst James Seyffart stated:
“I feel we are going to see the overwhelming majority, if not all, of the presently filed 19b-4s get hold of approval by the top of the yr. That features in-kind [redemptions] and staking and one thing like 10 particular person belongings [that have] tried to get an ETF.”
A variety of crypto firms have additionally gone public because the begin of 2025, with Circle’s IPO exceeding expectations with 475% inventory value progress in lower than a month. Gemini has additionally confidentially filed for an IPO, whereas there are reviews of OKX probably going public. The development is prone to proceed for the remainder of the yr.
Bitcoin and Ethereum value
Most analysts are bullish in regards to the prospects of the BTC value within the second half of 2025. “Bitcoin is about to interrupt out of a multi-year channel,” pseudonymous BTC analyst Stockmoney Lizards lately famous on X. He added that he expects BTC value to cross $200,000 by the top of the yr.
Bitwise Asset Administration has additionally caught to its preliminary prediction of $200,000 BTC value by the top of 2025, though the agency is much less certain about Ethereum’s capability to get well. Customary Chartered has additionally reiterated the $200,000 BTC value prediction.
As for Ethereum, whereas the longer term seems unsure, it is probably not time to surrender but. Lawant believes that the rising launch of spot ETH ETFs, coupled with the truth that it stays “underowned by many institutional buyers,” means that there’s “significant room for a catch-up.”
