Digital Assets: Quarterly Review and Outlook Q2

As crypto gains traction, institutional investors and advisors are entering the market, pushing digital assets from a niche investment into a key asset class. This report includes a recap of Q2, a macro-outlook and deep dive into Bitcoin, Ethereum and other digital assets dominating headlines.

July 8, 2025

Report Summary

Bitcoin (BTC) bounced back from its April low of $74,496 to reach a new all-time high of $111,961 in June. It closed the quarter with a strong return of 29.8%, outperforming many traditional assets.
Altcoins continued to play a supporting role in Q2 as Bitcoin led the market, with its dominance rising to 63.2%, up from 60.9% at the beginning of the quarter.
The biggest narrative for Bitcoin that is currently ongoing is the sustained adoption of BTC as a corporate treasury by public companies. Since the start of the quarter, public listed companies have added 138,912 BTC to their treasury, an increase of 19.6% to bring the aggregate total to 848,042 BTC.
CoinDesk 20 serves a growing universe of investment and trading products that help promote liquidity and portfolio diversification. CoinDesk 5 acts as a benchmark with concentrated exposure to the largest digital assets.

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Digital Assets: Quarterly Review and Outlook Q2

Report Summary

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