The Bitcoin Suisse Industry Rollup #6 - July 2025
Step beyond the headlines and into the heart of the crypto asset sector in our bi-monthly Industry Rollup. Our exclusive report reveals the numbers, narratives, metrics, and movements defining today’s crypto landscape. Compare Bitcoin and other leading crypto assets against traditional classes like equities, gold, and bonds.
Understand the Key Drivers of Crypto Asset Performance
Navigate the crypto asset space with clarity and insight. This concise, data-rich report distills the forces shaping crypto markets. Trace the numbers and narratives shaping digital asset performance.
Keep track of crypto market dynamics
Sector performance and notable trends through one, concise, data-led report.
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Derived from our proprietary research, metrics and cryptocurrency taxonomy.
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of the dominant narratives in the sector and how they are reflected in the data.
Bitcoin: A Class Apart in Portfolio Diversification
Bitcoin has emerged as a unique form of diversifier in 2025, blending qualities of both a hedge and a risk-on performer. With an average correlation of just 0.04 to other major asset classes including bonds, equities, commodities, gold, and real estate, Bitcoin sits at the lowest end of our correlation matrix. Yet unlike bonds, Bitcoin has shown strong year-to-date performance, reinforcing its role as the diversifier of choice.
Ethereum’s Evolution: From DeFi Playground to Global Settlement Backbone
As Ethereum’s price recovered notably in early July, stablecoins have been playing a central role on the network. As of mid 2025, stablecoin activity accounted for some 60% of economic throughput on the network, led by Tether and Circle. We explore Ethereum’s evolving role as it develops rapidly from a sandbox for DeFi experimentation to a global settlement layer for tokenized money and assets.
BTC Closes Gap with Gold in 2025’s Performance Race
Bitcoin is catching up with gold as 2025’s best performing asset class. BTC has posted year-to-date gains of 16% as of July, compared with the S&P 500 with 5%, and the Dow Jones with 3%. The US Dollar Index trails with a loss of 10.2% amid dollar uncertainty. That leaves gold to lead the pack with year-to-date gains of 24.7% – but with Bitcoin’s comparatively strong momentum recently, BTC is positioned as a strong contender to take top spot.