To which to expect Bitcoin and Crypto markets in the 2nd half of 2025

It was a great year so far for Bitcoin and the cryptography market.

Cryptocurrencies have acquired greater acceptance in Washington, President Donald Trump establishing a Bitcoin strategic reserve and the Senate adopting the Act on Engineering. They also found the favor of traditional finance; The net inputs of funds negotiated in exchange Bitcoin in 2025 totaled $ 14.4 billion until July 3, according to Farside investor data.

Bitcoin (BTCUSD) has won about 15% since the start of the year, exceeding the increase in the S&P 500 of 7%. It is not far from the level of all time of almost $ 112,000 set in May, approaching analysts at the end of the annoying year which take place at the start of the year.

Here is what Crypto investors will monitor in the second half.

Will Bitcoin vouchers go for the general public?

The so -called Bitcoin cash companies have been talked about in 2025. A Bitcoin cash company is a company that holds a substantial part of its Bitcoin reserve assets, often as inflation coverage or in anticipation of Bitcoin development as a global and apolitical reserve. Some companies, such as Michael Saylor’s strategy (MSTR), goes further by issuing actions or debt to accumulate Bitcoin.

The strategy (formerly Microstrategy) has been doing it for years, but several new players have entered the arena, including Metaplanet and Twenty One. There are now about 135 public companies that hold Bitcoin as a reserve asset.

“The second half of 2025 will mark a pivotal moment for the adoption of Bitcoin as a treasure ratio, motivated by a convergence of world market trends, change of business strategies and institutional validation”, Stephen Cole, who is co-founder and CEO of Bitcoin Treasury solution Castle Castle, said Castle of solutions supplier Investigation. “We are already seeing Bitcoin cash companies emerging in all the main global capital markets and (I) expect that this trend continues,” he said.

Cole expects large companies, including well -known technology giants, begin to establish Bitcoin positions and define their allocation strategies by the end of the year. “For (small and medium -sized enterprises) and large companies, the question of whether to acquire bitcoin will quickly go from if to when,” added Cole.

Do Altcoins have a chance against Bitcoin?

Some have wondered if Bitcoin SAP cash companies of smaller and more volatile altcoin demand.

“The request for altcoins is historically from two main sources: (1) Bitcoin beta exposure, and (2) the differentiated use cases that Bitcoin blockchain does not achieve,” said David Lawant, manager of Falconx, said Investigation. “What we see now is that Bitcoin cash companies and wider access to instruments such as options can meet this first demand more effectively and with less friction.”

However, Lawant says that Bitcoin vouchers will only meet some of the criteria that stimulate altcoin demand. He also warned that “the cycle is probably far from over” and, in his opinion, there is still time for certain types of alternative cryptographic assets to shine.

“Altcoins with a strong and distinct fundamental value proposition still have a lot of space to make,” said Lawant. “Regulatory changes such as the bill on the structure of the cryptographic market and a more permissive position towards the experimentation of decentralized finances (DEFI) could unlock new powerful trends.”

More FNB Crypto and IPO

Of course, Bitcoin cash companies are not the only way to expose yourself to Bitcoin and other cryptographic assets via public procurement. ETF Spot for bitcoin and ether already exist, and according to Bloomberg Analyst James Seyffart, similar products could be on the road for other digital assets. Existing ETF adjustments, such as redemption and in kind, are also likely.

“I think we will see the vast majority, if not all, of the 19b-4 currently deposited obtaining approval by the end of the year,” said Seyffart Investigation. “This includes in kind (buyouts) and a stale and something like 10 individual active ingredients (which have) tried to obtain an ETF.”

In addition, the undeniable success of the IPO for the Stablecoin (CRCL) transmitter circle has not gone unnoticed. Galaxy (Glxy) and Etoro (ETOR), which are both strongly involved in the cryptography market, also made their debut this year. According to Nate Geraci, president of the ETF store, there could be more IPOs on the way to Crypto Exchanges Gemini and Kraken, and technological companies from Blockchain Consensys and Ripple, among others.

The moment of creation or rupture of Ethereum?

Finally, Ether (Ethusd), the native cryptocurrency of the Ethereum and Long Blockchain of the second largest cryptographic asset behind Bitcoin, can also be at a critical point in its history. He has underperformed both Bitcoin and some of his small competitors, such as Binance Smart Chain and Solana, in recent years.

A recent report by a group of Ethereum supporters drew attention to compare ether to digital oil. However, some investors doubt that the use of Ethereum technology by Coinbase Global (Coin) and the Insuers of Stablecoin will necessarily accumulate the value of the ACTHER Ether itself in the long term.

That said, Lawant thinks that there are still many reasons not to count Ether yet.

“There have been clear signs in recent months that feeling moved to Ethereum ecosystem,” said Lawant. “Ethereum also benefits from being more closely linked to the traditional capital markets, which is a key price engine in the environment today. This is obvious in its Active CME Understanding and the launch of Spot ETF.”

Ether “also remains underestimated by many institutional investors”, explains Lawant. Analysts claim that adding to the ETHER ETF could help improve institutional adoption. “If current developments take place as planned, there is a significant place for catching up.”

The ether is down approximately 85% compared to Bitcoin since it reached a 0.1475 summit by Bitcoin about eight years ago, according to Coigecko data.