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BTC’s Upwards Trajectory is Unshaken, But Few Altcoins Will Perform Well – Coinbase and Glassnode

2025-07-18 15:38:46

BTC’s Upwards Trajectory is Unshaken, But Few Altcoins Will Perform Well – Coinbase and Glassnode

Main Idea

Bitcoin (BTC) is expected to continue its upward trajectory in 2025, with nearly its entire supply in profit, while altcoin performance remains limited. The crypto market is buoyed by favorable US regulations and institutional demand.

Key Points

1. Bitcoin's supply in profit recovered from below 75% to nearly 100% in Q2 2025, with dominance reaching 64% by June 30.

2. Institutional demand for BTC is rising, with companies increasingly investing in crypto for their treasuries, creating a new source of demand.

3. Three key US crypto bills (GENIUS Act, CLARITY Act, Anti-CBDC Act) passed in 2025, signaling a crypto-friendly regulatory shift.

4. The global crypto market capitalization surpassed $4 trillion, with BTC breaking above $120k and ETH trading near $3,600.

5. BTC's correlation with US stocks increased from 0.40 to 0.55, while ETH's supply in profit rose from under 40% to nearly 90% in Q2.

Description

Despite potential risks, Bitcoin (BTC) is likely to continue rising this year, though the same can’t be said for the vast majority of altcoins, according to the latest Charting Crypto report, a joint publication of Coinbase Institutional and Glassnode , reflecting data until 30 June, 2025. Companies are increasingly investing in crypto for their treasuries , particularly in BTC. This creates “a meaningful new source of demand.” Leveraged funding of crypto purchases could present risks related to...

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Bitcoin News Bitcoin Ethereum Market
$OP
$0.7552
+7.95%
$ETH
$3573.75
+4.79%
$BTC
$117582.2
-1.16%
$FORM
$3.4362
+3.11%
$SOL
$177.51
+2.54%
$XRP
$3.4534
+4.34%

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