The Bitcoin Suisse Industry Rollup #7 - September 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.
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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 standing nearly uncorrelated across the board, a clean slate that echoes the 12M matrix’s flatline at 0, its cleanest detachment since the Rollup began. As macro fragmentation persists and policy divergence intensifies, correlations are likely to remain inconsistent, reinforcing Bitcoin’s role as an independent asset, straddling both risk-on and hedge narratives.
From Underperformer to Outperformer: Ethereum’s 2025 Rally in Context
Early September dynamics point to a reshuffling of leadership across asset classes. Ethereum staged a strong reversal across 2025. Suffering the steepest tariff-driven setback in April and languishing at the bottom of the YTD performance table in April, ETH now leads all major assets with +31.1% YTD. The rally underscores a decisive rotation into higher-beta exposures, driven less by retail speculation and more by institutional flows.
Ethereum Rallies, But This Time It`s Different
Ethereum more than doubled from $2’400 in July to a new all-time high near $5’000k in late-August, before subsequently retracing~–15% into month-end, marking a healthy consolidation after sharp gains. Since the April lows around $1’400, ETH’s price almost tripled since the lows.